Warsh likely to side with financial markets over Trump as Fed rate hike expected
WASHINGTON (AP) — Barely four months into the job, Federal Reserve Chair Kevin Warsh is stuck between two strong and opposing forces: Financial markets that anticipate the central bank will raise interest rates, and President Donald Trump, who wants the Fed to cut them or leave them unchanged.
Economists expect that on Wednesday,
Read MoreBehind the curtain, the US economy looks shakier than many realize
- Key insight: Looking past the headline numbers, there are reasons to be concerned about the condition of the U.S. economy. Particularly troubling is the fact that large numbers of Americans live financially precarious lives.
- Supporting data: Research from the Ludwig Institute for Shared Economic Prosperity suggests that the bottom 60% of Americans,
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Read MoreThe Burst
Alert: 43.7% Upside in POT Stock (No, Not That Pot)
Investment Alert: Buy Mosaic (MOS) Under $37/share
Disclaimer: Investment Alerts have a medium to long-term time horizon. These do not constitute financial advice and you should contact a financial advisor before deciding whether it is appropriate for your individual circumstances.
We found a pot stock with lots of upside,
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Read MoreThe Ivy
Bombshells From Buffett Shock Investors
If you haven’t tuned into the annual Berkshire Hathaway shareholder meeting to see highlights, a certain moment is grabbing headlines but another more nuanced one is where your attention should go.
The most poignant moment of the day was when Warren turned to his new right-hand man Greg Able but invited former lieutenant Charlie Munger for his views.
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