What Happened The Trade Desk (NASDAQ: TTD) saw its stock price rise over 10% during trading on Wednesday; it was still up 8.17%, or $49.78, at the close of trading. Overall, the Dow finished up 51 points, while the Nasdaq gained 184 points, or 1. Read More...
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The Fed Is Upside-Down on Inflation and That’s a Big Risk
The last time the U.S. suffered a nasty bout of inflation, in the 1980s, the economic emergency was seen as so dire the Federal Reserve, then led by Paul Volcker, jacked up interest rates by as much as three percentage points. “Unless we respond to the increase, which could be quite large in this period, we’re going to have a real credibility problem,” Donald Winn, former senior official of the Federal Reserve Board, told Volcker at the Fed meeting in March 1980, according to the meeting transcript.
