As the stock and bond markets are off to a rough start in 2024, minutes from the Federal Reserve’s last FOMC meeting illustrate the possibility that finance charge rates will peak this year.
Innovator Capital Management Head of Research & funding plan Tim Urbanowicz examines how sustainable the Fed’s inflation goals will be.
“The one thing that we need to keep in mind right now is that humility is the most important attribute above all,” Urbanowicz tells Yahoo money management on the great degree of uncertainty seen across the past several years’ economic environment. “We’ve seen spurts of inflation before but we’ve never seen inflation that has been triggered by a pandemic where we saw reckless government spending… stimulus checks being handed out to people that were fully employed, those employers then struggling to bring people back to work.”
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