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The costs of pulling inflation down to 2% have invited calls for the Fed to aim for a more realistic goal fit for the current moment: a higher inflation target.
The tech-heavy Nasdaq and the S&P 500 rose on Monday as most growth stocks gained, while investors awaited comments from Federal Reserve Chair Jerome Powell and more data this week to gauge the...
Yield on the 10-year Treasury note edged higher on Monday at 4.6371%, touching 16-year highs again, while the yield on the 2-year note, which best reflects interest rate expectations, remained above 5%. "The Fed has said that their target is still 2% and they are still long ways away from getting inflation really going in the direction that they want," said Russell Hackmann, President of Hackmann Wealth Partners.
The safety and stability of bonds can punish the stock market as investors move their money to "risk-free" assets.
Chartered Financial Analyst, Russell Hackmann is the “The Wall Street Sweeper.” Russ, a Magna Cum Laude graduate of Georgetown University with an MBA in Finance from the University of Chicago, has over 25 years’ experience advising individuals and institutions on wealth and risk management. Prior to founding Hackmann Wealth Partners, Russell served as an executive at several major Wall Street firms. Now, he’s sharing his wealth of knowledge with WRKO listeners to help you find ways to cut through the clutter of Wall Street and get a clearer path towards your retirement and financial f...