The Daily Editor

Federal Reserve governor Chris Waller said Friday that whether or not the Iran war ends soon, he’s cautious about cutting interest rates right now.

Waller stressed that he’s aware that consumers and businesses are experiencing a jolt from higher energy prices right after tariffs pushed up inflation over the past year. They will be “cautious,” he said,

 » Read more about: Fed's Waller strikes a cautious tone on rate cuts amid oil shock  »

If there’s one thing investors have been reminded of this year, it’s that markets don’t move in a straight line. Volatility can feel unsettling in the moment, but history shows that short-term swings are often just noise in the context of long-term growth. The challenge is staying disciplined and consistent through it.

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In a high-rate world, the gap between savers and investors closes, but investors still come out ahead. Although savers can occasionally out-earn long-term investors over the short run, interest rates would have to remain high for a significant period of time for that to continue.

 » Read more about: Investors vs. Savers: Who Wins in a High-Rate World — and Who Feels Left Behind  »

 » Read more about: Dow jumps 800 points, S&P 500 at new record, Nasdaq gains 6.8% this week  »

Key Points

• Intel’s stock has more than tripled over the past year.

• But a bit too much optimism is baked into its high-flying shares.

Intel‘s (NASDAQ: INTC) stock has surged nearly 260% over the past 12 months,

 » Read more about: Will Intel (INTC) Stock Drop to $50?  »

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The stock market ended the week with new records after Iran confirmed Friday that it has reopened the Strait of Hormuz in the Persian Gulf amid a temporary ceasefire in the Middle East.

The Dow Jones Industrial Average gained 851 points Friday, resulting in a 1.8% increase, while the S&P 500 closed above 7,100 for the first time in its history,

 » Read more about: Stock markets end week with new highs after Iran confirms Strait of Hormuz is reopened  »