TJM Managing Director Reacts to Market Position After End-of-Week Turnaround
TJM managing director Timothy Anderson joined Cheddar News and provided a reaction to the stock market closing position after making a turnaround late in the week. He also talked about about the Fed's inflation gauge remaining highly elevated.
The incoming Fed decision will likely be good news for consumers with high-yield saving options, but bad news for borrowers (like anyone with high credit debt).
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Inflation is still high, and economic activity is starting to slow down. But before you start to panic about stagflation, wait to see this week’s jobs report.
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After battling inflation for years, now U.S. consumers have to prepare for stagflation, and, unfortunately, it could be more complicated to fix than a typical