Market rally: Fed Chair Powell ‘snatched victory from jaws of defeat,’ strategist says

Yahoo Finance published this video item, entitled “Market rally: Fed Chair Powell ‘snatched victory from jaws of defeat,’ strategist says” – below is their description.

#yahoofinance #fed #inflation #housingmarket

Cornerstone Wealth Senior Investment Analyst Sean Bandazian and Opimas CEO Octavio Marenzi examine the conditions surrounding fresh market gains following Fed Chair Powell’s latest rate hike comments, while also discussing the market outlook, inflation, and mortgages in the housing market.

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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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