Amazon is determined to be well prepared to weather the sharp economic downturn on the horizon without a big scratch. The monetary policy of the Federal Reserve (Fed) to crush inflation, which is at its highest in 40 years, is likely to cause a so-called hard landing of the economy aka recession. Many top economists, such as Harvard's Larry Summers, say the economy is likely to enter a recession this year or next, thanks to the large interest-rate increases from the Federal Reserve. Read More...
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Jim Cramer Says Stocks Will Climb Once Fed Signals Shift; Here Are 2 Names to Watch
Inflation is high, the Fed is aggressively hiking interest rates, and the markets keep testing their lows for the year. The rest of this week will see several key monthly reports, including the consumer price index, or the inflation report, on Thursday. Currently, inflation is up 8.3% since last year, and economists are expecting that number to decline to 8.1%. Jim Cramer, the well-known host of CNBC’s ‘Mad Money’ program, is finding a silver lining in the current situation, telling investors, “
