At the Federal Reserve's 45th annual economic symposium held last month in Jackson Hole, Wyoming, Chairman Jerome Powell highlighted the need to increase interest rates and keep them high for a longer period in a bid to bring inflation down to the 2% goal. Investors remain concerned the Federal Reserve's aggressive stance to curtail inflation will result in a significant economic slowdown in the coming months. The current market correction is now presenting an opportunity to pick up promising companies like Salesforce (NYSE: CRM) and CrowdStrike (NASDAQ: CRWD) at significant discounts compared to their historical prices. Read More...
At the Federal Reserve’s 45th annual economic symposium held last month in Jackson Hole, Wyoming, Chairman Jerome Powell highlighted the need to increase interest rates and keep them high for a longer period in a bid to bring inflation down to the 2% goal. Investors remain concerned the Federal Reserve’s aggressive stance to curtail inflation will result in a significant economic slowdown in the coming months. The current market correction is now presenting an opportunity to pick up promising companies like Salesforce (NYSE: CRM) and CrowdStrike (NASDAQ: CRWD) at significant discounts compared to their historical prices.
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