US stocks tumbled broadly after Fed raised interest rate by 75bps overnight, and indicated that rate could reach 4.4% by year end. Chair Jerome Powell reiterated that pledge that “the FOMC is strongly resolved to bring inflation down to 2%, and we will keep at it until the job is done.” Meanwhile, against members’ expectations, […]
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Many Americans have been trading down. That’s what some retail leaders, including Walmart and McDonald’s, have talked about. “We drove positive transaction counts and unit volumes, and we’re gaining market share in grocery and general Read more…
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