Inflation may be here to stay. Catch up on that and more with our weekend reads:
Do you remember all the times Federal Reserve Chairman Jerome Powell was quoted as saying inflation in the U.S. was “transitory”? With the Fed now ready to fight inflation, the bond market has quickly priced in a period of tighter monetary policy by nearly doubling the yield on 10-year U.S. Treasury notes TMUBMUSD10Y, 2.895% to 2.94% from 1.51% at the end of 2021.
Why inflation may be here to stay Inflation is driven by demand, not supply constraints, according to Jason Furman, a professor of the practice of economic policy at Harvard University’s John F. Kennedy School of Government. Brush also interviews Wall Street veteran Bob Doll, who names 12 stocks he favors in what he expects to be a trader’s market.
With fierce competition among so many streaming services, the Netflix drop and the announcement that CNN+ will shut down only a month after its launch, Andrew Keshner questions whether the streaming industry has hit its peak.Your metaverse doctor will see you now Some veterans of the music industry have been making use of virtual reality to promote entertainment or gaming services. But Arabian Prince, a member of the rap group N.W.A.
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