#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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#Raise interest rates or we’ll do it for you

#Raise interest rates or we’ll do it for you

“Raise interest rates or we’ll do it for you” Jerome Powell played with fire, and the US economy is about to get burned. The bond market will be the incinerator. The bond market doesn’t get the attention it deserves. People are myopically focused on the Dow, the S&P, the Nasdaq because average investors don’t indulge…

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#Fed still ‘much too optimistic’ on inflation

#Fed still ‘much too optimistic’ on inflation

“Fed still ‘much too optimistic’ on inflation” Ex-Treasury Secretary Larry Summers warned that the Federal Reserve’s forecasts on inflation have been “much too optimistic” so far — and warned that the US economy is teetering on the edge of a recession. Summers, an early and frequent critic of the Fed’s response to surging inflation that…

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#Bitcoin falls below K as Binance halts withdrawals

#Bitcoin falls below $24K as Binance halts withdrawals

“Bitcoin falls below $24K as Binance halts withdrawals” Bitcoin dipped below $24,000 for the first time since 2020 as Binance, the world’s biggest cryptocurrency exchange stopped users from withdrawing bitcoin early Monday. Binance founder and CEO Changpeng Zhao blamed the “temporary pause” on “a stuck transaction causing a backlog” in a tweet at 8 a.m….

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#Americans fed up with crime and other commentary

#Americans fed up with crime and other commentary

“Americans fed up with crime and other commentary” Liberal: Americans Fed Up With Crime “The successful recall of progressive San Francisco District Attorney Chesa Boudin on Tuesday is arguably the political earthquake of the year so far,” reports CNN’s Harry Enten. “The outcome showed that not even in the Democratic bastion of San Francisco is…

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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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