logo
Firing Powell Would Shatter the Economy's Inflation Defenses

Firing Powell Would Shatter the Economy's Inflation Defenses

The U.S. has endured a series of inflationary shocks in the past few years: pandemic disruptions, massive fiscal stimulus, Russia's invasion of Ukraine, an immigration clampdown, tariffs and soaring projections of national debt.
Yet throughout, investors have expected that in a few years' time inflation will be around 2%. The reason: They instinctively assume that no matter the shock, the Federal Reserve is there to keep inflation low, like the brakes on a car.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Auburn earns surprising historical ranking despite recent lull
Auburn earns surprising historical ranking despite recent lull

Yahoo

time3 minutes ago

  • Yahoo

Auburn earns surprising historical ranking despite recent lull

The Auburn Tigers have not really been as nationally relevant in recent years. They haven't won a title since Cam Newton dragged them through the SEC in one of the single most impressive runs of all time. They've had good seasons since 2010, but haven't really ever reached that height again. Despite that, their historical success cannot be counted out. So when assessing a value for a hypothetical trade, The Athletic's Matt Baker accounted for that. There will never be a sale since these schools cannot operate like NFL teams no matter what the transfer portal and NIL do to college sports, but if there was a sale, the Tigers would bring in an impressive $1.06 billion, the 13th-best mark among all programs. That's more money than the Oregon Ducks, Florida State Seminoles, and Michigan State Spartans would bring in despite Auburn seemingly falling on hard times lately. They're far from the caliber of program they once were, but that doesn't matter as much with the Tigers. "Like Florida, the Tigers have been in an on-field funk. The national championship trophy Auburn won with Cam Newton is almost old enough to get its driver's license," Baker said. "We slotted the Tigers behind the Gators because Florida remains the flagship school of a large, still-growing state. Auburn is No. 2 in Alabama, a state with a quarter of the residents (5.2 million)." So despite a run that has yielded double-digit wins just twice since 2010 and has four seasons under .500 in that frame, the Tigers are still a supremely valuable college football program.

Alphabet earnings, Cleveland-Cliffs surges, CSX upgraded
Alphabet earnings, Cleveland-Cliffs surges, CSX upgraded

Yahoo

time3 minutes ago

  • Yahoo

Alphabet earnings, Cleveland-Cliffs surges, CSX upgraded

As part of Monday, July 21's Market Minute, Josh Lipton examines some of the top stories investors are watching. Alphabet (GOOG, GOOGL) stock climbs ahead of the Google parent company's earnings report on Wednesday. Cleveland-Cliffs (CLF) stock surges after reporting strong second quarter results. CSX Corporation (CSX) was upgraded to Buy from Hold by TD Cowen analysts. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. It's time for your Yahoo! Finance's Market Minute. US stocks rising with fresh records in sight for the S&P 500 and NASDAQ composite. Alphabet shares rising in today's trade. That's as analysts reiterate their bullish takes on the stock. Needham and Bank of America raising their price targets on that name. Needham noting Google Gemini should be one of two to four biggest winners of the generative AI tech wave. The bullish sentiment comes ahead of the company's quarterly earnings results on Wednesday. Cleveland-Cliffs reporting a beat on revenue and adjusted EBITDA for the second quarter. Company also highlighting it has started to see the positive impact that tariffs have on domestic manufacturing. And CSX getting an upgrade at TD Cowen. The firm lifting its rating on that stock from hold to buy. TD Cowen noting it sees the company as one of the railroads that is best set up next year for operational improvement. And that's your Yahoo! Finance market minute. For more on what's trending on Yahoo! Finance, scan the QR code below.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store