Fed Chair Kevin Warsh Just Threw Cold Water on Investors Who Thought the Worst of Inflation Was Over
The June Inflation report doesn't reverse a 63-month (and counting) trend of above-target price increases.
Overview
Throughout history, the stock market has made a habit of climbing the proverbial wall of worry -- and 2026 has, thus far, been no exception. Despite the Iran war approaching its fifth month, the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) have all exploded to record highs this year.
But bull markets aren't indefinite, and above-average inflation is a formidable foe.
Details
While a favorable inflation report for June has some investors celebrating as if the worst of the Iran-war-driven inflation is over, Fed Chair Kevin Warsh just stamped out any idea of putting this concern in the rearview mirror.
Source
Originally published at www.fool.com.
Related Articles
- The late James Van Der Beek’s former Beverly Hills home up for rent for $13,950 a month
- Texas Instruments shares are sliding, and its rival is doing even worse. What’s going on in the world of analog semiconductors.
- T. Rowe Price Has Increased Its Dividend for 40 Consecutive Years and Yields 4.4%. Is the Payout a Bargain or a Value Trap?