By John Persinos
As the grandfather of twin seven-year-old boys, I'm re-learning the power of conditional parenting. "Yes, you can have ice cream, but only on the condition that you [eat your vegetables, finish your schoolwork, stop hitting your brother...whatever]."
The Federal Reserve announced Wednesday that it won't hike interest rates this time around, but like a stern parent, Fed Chair Jerome Powell made future rate decisions conditional.
Depending on how the economy and inflation pan out in the coming months, the central bank may resume tightening. Now the big debate on Wall Street is whether the Fed will pause for the rest of 2023, or hike again before the year is out. It might be more accurate to interpret the Fed's latest move as "skipping" a hike, because it suggested that tightening is not over.
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A Very Real Shot at 2,500% Gains?
| | | | The pressure is on. Jim Fink just reopened the doors to his trading service Velocity Trader by making the outrageous promise he could deliver total gains of 2,500% in the next 12 months. I guess I can't blame him for being confident. The proprietary Profit Multiplier his advisory runs on is custom-built to pinpoint a stock's movement before it happens. Then he puts out a simple two-sentence set of instructions statistically guaranteed to ratchet up even the smallest single-digit share price movements into triple-digit winners. Sometimes in as little as a few days. Get the details here before it's too late. | | | | |
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