Federal Reserve Close to its Target Inflation Rate
Thomas Hayes of Great Hill Capital LLC shares his thoughts on what's moving markets, plus why the Fed is due for a dovish pivot with inflation close to its 2% target.
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
The U.S. economy added 272,000 jobs in May, far more than expected. But that number doesn't tell the whole story. Interest rate cuts could still be on the way.