Uh-Oh! The Fed Just Singled Out a New Inflationary Pressure, and It's Awful News for Wall Street.
The stock market's biggest catalyst may bring about its own demise.
Overview
Since early June, the time-tested Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S&P 500 (SNPINDEX: ^GSPC), and innovation-inspired Nasdaq Composite (NASDAQINDEX: ^IXIC) have all rallied to new highs. But these indexes don't tell the complete story on Wall Street.
While excitement over the evolution of artificial intelligence (AI) and initial public offering euphoria are very real, so is the growing concern over rising inflation and interest rate uncertainty.
Fed Chair Kevin Warsh delivering remarks. Image source: Official Federal Reserve Photo.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.