Why lower stocks could be a good thing
There's a financial media convention that higher=better, when it comes to the stock market — but that's not always the case.The Fed's big problem is that the economy continues to run too hot, driving inflation well above its 2% target. The current spending spree is fueled at least in part by investors'The S&P 500's pre-pandemic record high of 3,387 was hit on February 19, 2020.
Fed economists — and many others — tend to believe that predictably low inflation is a necessary precondition for strong and stable growth.
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