The Newest Federal Reserve June Inflation Forecast Is a Good News-Bad News Scenario for Wall Street
A modest projected decline in overall inflation for June doesn't tell the complete story.
The Newest Federal Reserve June Inflation Forecast Is a Good News-Bad News Scenario for Wall Street
Overview
It's been a history-making year for Wall Street and the Federal Reserve. Earlier this month, the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) reached all-time highs.
Meanwhile, President Donald Trump's handpicked successor to Jerome Powell, Kevin Warsh, was officially sworn in as only the 17th chair in the Federal Reserve's history, since its inception in December 1913. Warsh has wasted little time changing the narrative at America's foremost financial institution, which holds major implications for Wall Street and investors.
Fed Chair Kevin Warsh is ushering in a new era at the central bank. Image source: Official Federal Reserve Photo.
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Originally published at www.fool.com.
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