U.S. stocks continued a steep selloff on Thursday after disappointing earnings reports from Target and Walmart affirmed fears over inflation, which remains close to its highest level in 40 years. In a recent interview with Yahoo Finance, hedge fund founder Josh Friedman acknowledged that Federal Reserve Chair Jerome Powell is currently doing a good job of trying to “wring out” this sky-high inflation. Still, he suggested that the Fed may have stoked inflation with its response to the… Source link
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