Investors Shrug Off Risk And Go Back To Hopium
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Stocks are rallying and investors are shrugging off the Fed again, despite the Fed announcing that inflation isn’t where they want it to be and a Fed governor saying risks are tipped more toward higher inflation than a weaker economy. While they didn’t mention the risk of a rate hike, it still sounds like the Fed is trying to warn investors and investors don’t care.
Let’s take a look at what that means for the markets for the rest of this week and beyond.