Uh-Oh! The Fed Just Singled Out a New Inflationary Pressure, and It's Awful News for Wall Street.
Yahoo Finance ·
Since early June, the time-tested Dow Jones Industrial Average ( ^DJI +0.27% ) , broad-based S&P 500 ( ^GSPC +0.81% ) , and innovation-inspired Nasdaq Composite ( ^IXIC +1.30% ) have all rallied to new highs. But these indexes don't tell the complete story on Wall Street . While excitement over the evolution of artificial intelligence (AI) and initial public offering euphoria are very real, so is the growing concern over rising inflation and interest rate uncertainty. Fed Chair Kevin Warsh delivering remarks. Image source: Official Federal Reserve Photo. With Fed Chair Kevin Warsh removing forward-looking guidance from Federal Open Market Committee (FOMC) statements, Wall Street and investors have lost some of the transparency that's been commonplace for decades. This is where the Fed meeting minutes can shine. FOMC meeting notes, released three weeks after a meeting, may shed greater detail on what policymakers are thinking and help investors forecast future monetary policy decisions.
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