FED GIVES GREEN LIGHT TO MAKING THE STOCK MARKET BUBBLE BIGGER $DJIA $SPX $NDX $QQQ $GLD $SLV $USO $SPY
This post was published yesterday in The Arora Report paid feeds as Afternoon Capsule. To gain an edge, this is what you need to know now. Making The Stock Market Bubble Bigger In a historic speech, Powell changed Fed’s long standing policy. Here are the key points. Previously the Fed was targeting 2% inflation. Under the new policy, the Fed will target 2% average inflation. This is a big change with serious implications. Since during periods of economic weakness, inflation may fall, during periods of expansion, the Fed will let inflation run higher than 2%. Historically the Fed raises interest rates