Daily Scoop 6-16

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Today's Scoop:Anticlimactic

Big Picture:

1) Policymakers said they're not rolling back stimulus measures anytime soon.

2) Investors are getting less worried about inflation as prices of things like lumber start to come down.

3) Major corporations keep stepping up their net-zero carbon target dates.

The Market: ⬇️-0.5%

S&P 500: 4,223.70

1Mo:

+1%

| 1Yr:

+36%

| 5Yr:

+104%

The Federal Reserve said today that they’re still not planning to roll back their stimulus measures anytime soon. The economy has recovered faster than originally expected, so the eventual action might be sooner than originally expected. But the economy still needs help for the time being. Investors didn’t seem particularly shocked by the Fed "talking about talking about" doing something eventually.

Company Scoops ❤🌎💰

(Click to dig in & vote your reaction, see how others feel)

Fox Corp

goes blockchain

Southwest

operations crash

UPS

sets emissions goals

Roblox

users decline

Regeneron's

new covid treatment

🤓 Inside Scoop...

The Federal Reserve, aka the Central Bank, controls the money system. They set the baseline interest rates for all savings rates and loan rates. When they want to stimulate the economy, they lower rates to make saving less attractive and loans easier to afford. When the economy runs too hot, they slow it down by raising interest rates.

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