Inflation has dropped from a peak of nine percent in June of 2022, but it is still above the Federal Reserve’s two percent goal. In an interview for the Bull Pen Report on the Red River Farm Network YouTube Channel, Advance Trading Risk Management Advisor Tommy Grisafi said Wall Street is holding strong. “The NASDAQ is at an all-time high, the S&P is not far behind it and the Dow Jones isn’t far behind it,” said Grisafi. “The labor market’s extremely tight and inflation isn’t exactly going away, but the Fed may have pulled off one of the wildest things ever. They raised rates as fast as they did and nothing bad actually happened.” Grisafi said the exception may be with the American farmer who saw the interest rate on his or her operating note triple. With the election and global uncertainty, Grisafi said “buckle up because this year is going to be a wild one.”
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