Wednesday’s actions during the Federal Reserve’s Federal Open Market Committee’s meeting would have seemed like the beginning of better times not long ago. Now? Conditions are hazy, the Trump administration is still suddenly changing tariff conditions out of personal animus and not cogent national interests, inflation continues to rise, and the labor market gets weaker.
Stagflation may or may not be coming, but the biggest issue for consumers, for businesses, for governments, is the lack of certainty. Risk continues to grow. However, unlike investing, looking for higher pay-offs to justify a precarious position doesn’t work.
Backed Into A…
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