Is Not Broke – Recession Proof Wallet

The Federal Reserve will have to wait even longer for evidence confirming that gains in fighting price pressures are durable before it turns accommodative with this morning’s data showing higher-than-anticipated inflation.

Stocks got off to a rough first week of the new year, with tech names leading the week’s decline. Several market observers called it the ‘reverse Goldilocks’ effect, where the market decided investors were getting a little too excited over the prospect of a Fed rate cut.

Stocks were mixed last week as markets continued to navigate geopolitical concerns and new signals about short-term interest rates.