Investors Shrug Off Risk And Go Back To Hopium
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.
