#Your 401(k) is in the Fed’s hands this week

#Your 401(k) is in the Fed’s hands this week

“Your 401(k) is in the Fed’s hands this week” At this week’s policy meeting, the Federal Reserve will have to choose its poison. If it fails to accelerate the pace of interest-rate hikes, it risks losing control over runaway inflation. Yet if it surprises us with a faster pace of interest-rate increases, it risks further…

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#Top economist Mohamed El-Erian says most inflation ‘could have been avoided’ if Federal Reserve acted earlier

#Top economist Mohamed El-Erian says most inflation ‘could have been avoided’ if Federal Reserve acted earlier

“Top economist Mohamed El-Erian says most inflation ‘could have been avoided’ if Federal Reserve acted earlier” Most of the current record high inflation could have been avoided had the Federal Reserve acted earlier and shown humility after it wrongly described inflation as “transitory,” economist Mohamed El-Erian said Sunday. El-Erian, chief economic advisor at Allianz, appeared…

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#Latest inflation spike shows Biden, Fed boss won’t stop recession: experts

#Latest inflation spike shows Biden, Fed boss won’t stop recession: experts

“Latest inflation spike shows Biden, Fed boss won’t stop recession: experts” Experts fear a recession is nearly unavoidable after the Friday release of federal data showing decades-high inflation in May revealed that President Biden, Federal Reserve chair Jerome Powell and other top policymakers are nowhere near achieving their goal of lowering prices. Economists and investors…

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