Fed statistics are ‘reflecting an economy that no longer exists’: Strategist

Yahoo Finance published this video item, entitled “Fed statistics are ‘reflecting an economy that no longer exists’: Strategist” – below is their description.

#federalreserve #yahoofinance #interestrates

Fitz-Gerald Group Principal Keith Fitz-Gerald and Jake Jolly, BNY Mellon Investment Management Senior Investment Strategist, examine the market outlook amid tech stock losses and the Fed’s interest rate hikes, while also looking at inflation, the Fed’s economic data, and the new FAANG stocks.

Yahoo Finance YouTube Channel

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In This Story: FAANG

FAANG is an acronym referring to the stocks of the five most popular and best-performing American technology companies: Facebook, Amazon, Apple, Netflix and Alphabet (formerly known as Google)

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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