Latest From This Author
It took all of a day for investors to get comfortable with the idea that the economy is heating up and that higher interest rates are on the way.
Half a percentage point doesn’t sound like a lot.
It’s a “risk off” day, with stocks falling and “safe” assets such as bonds, gold and the Japanese yen rising as the market prepares for the most anticipated inflation report in years.
With all eyes on Wednesday’s inflation report, Wall Street got off to a positive start for the trading week.
Wall Street’s worst week in almost seven years is ending with more turmoil.
