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By Staff Reporters
Jerome Powell: Speaking at the Jackson Hole Symposium, an annual meeting of central bankers from around the globe at a former Wild West outpost, the FOMC chair said inflation “remains too high” and “we are prepared to raise rates further if appropriate” and to keep them high. So, why didn’t the stock market nose-dive like it did after last year’s similarly hawkish Powell speech? It helps that inflation has come down considerably since then (which Powell acknowledged) and that he nodded to the dangers of the Fed doing too much as well as too little.
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Rite Aid is preparing to file for bankruptcy in the face of costly lawsuits over its sales of opioids, the Wall Street Journal reports.
Wegovy, the weight-loss drug, also helps prevent heart failure, its maker, Novo Nordisk, said after a clinical trial.
CITE: https://www.r2library.com/Resource
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Wells Fargo agreed to pay $35 million to settle the SEC’s claims that it overcharged fees on nearly 11,000 investment advisory accounts—claims it neither admits nor denies.
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Drugs and Pharma, Events-Planner, Experts Invited, Health Economics, Health Insurance, Healthcare Finance, LifeStyle | Tagged: fed, FOMC, inflation, Investing, Jerome Powell, Movo Nordisk, Rite Aid, SEC, Wegovy, Wells Fargo | Leave a comment »
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