Episode Details
Back to EpisodesStocks Shrug Off Powell Comments & a Junk Bond Danger Zone? 9/8/22
Published 3 years, 5 months ago
Description
U.S. indexes closed higher for a second straight day even as Fed chair Jerome Powell doubled down on his hawkish stance. But could next week’s CPI report signal more aggressive rate hikes are still to come? Plus junk bond defaults are on the rise. What kind of signal is this sending for where the economy is going next?