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In August, Ed Yardeni held the highest year-end target for the S&P 500 on Wall Street at 8,400. This week he cut it to 7,900. Nothing broke in corporate earnings. What changed is the price of money. The Fed Hiked, And The Bar For Another One Is Low The Federal Open Market Committee raised the federal funds rate by 25 b
Fed's Chair Warsh: Inflation risks are to the upside, labor risks are balanced.
James Thorne said a Kevin Warsh-led Fed could repeat 2008 by tightening into an energy supply shock, and argued the ECB has already made that mistake.
Fed Chair Kevin Warsh said inflation is still too high, called the 2% objective a firm, fixed target, and said the Fed should focus on prices, not jobs.