Central banks are faced with the unenviable task of trying to put a lid on decades-high inflation without triggering harsh recessions that could unleash misery around the world. But Robert Shiller, a Nobel Prize-winning economist at Yale University, thinks they have no choice but to hold the line.
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News: What you need to know about the markets | | | | Robert Shiller: Fed risks 'disgrace' if it doesn't control inflation | Central banks are faced with the unenviable task of trying to put a lid on decades-high inflation without triggering harsh recessions that could unleash misery around the world. But Robert Shiller, a Nobel Prize-winning economist at Yale University, thinks they have no choice but to hold the line. Read more » | | Stocks fall ahead of Federal Reserve meeting | US stocks opened lower on Monday after all three major indexes logged their worst week since June. The declines came as interest rates spiked ahead of the Federal Reserve's two-day policy meeting later this week. Read more » | | Another big rate hike is coming. Lather. Rinse. Repeat | The Federal Reserve's upcoming meeting on Wednesday will be one for the history books. The Fed will either raise rates by three-quarters of a point for the third consecutive time, to 3%, or it will hike them by an unprecedented one full percentage point to 3.25%. Read more » | | Why it's time to start paying with $2 bills | Inflation has made it hard to buy much with a buck these days. Read more » | | FedEx cuts sales forecast by half a billion dollars, warning of a slowing economy | FedEx shares plunged 21% in premarket trading Friday after it warned last Thursday that a slowing economy will cause it to fall $500 million short of its revenue target. Read more » | | Why you can't buy stamps at this Post Office | The labor shortage has reached peak stupid: One post office's workers couldn't sell stamps. Read more » | | | | | | | |
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| +197.26 | | +86.62 | | +26.56 | 31,019.68 | | 11,535.02 | | 3,899.89 | +0.64% | | +0.76% | | +0.69% | YTD -14.64% | | YTD -26.27% | | YTD -18.18% | | | |
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Biggest Winners | Westrock Co | +5.48% | | Mosaic Co | +5.11% | | Packaging Corp of America | +5.11% | | CF Industries Holdings Inc | +4.95% | | Biggest Losers | Edwards Lifesciences Corp | -4.84% | | Autozone Inc | -3.14% | | Domino's Pizza Inc | -2.91% | | Global Payments Inc | -2.84% | | | | | |
Hottest ETF | | | NYSE Market Volume | | | | | | |
Key Market Stats | Latest | Today's Change | | Oil | $85.33 | +0.22 / +0.26% | | Gold | $1,684.40 | +0.90 / +0.05% | | 10-yr | 3.49% | +0.04 | | Euro | $1.00 | +0.00 / +0.01% | | |
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