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Thom Brueckner: Markets React to Geopolitical Concerns and Fed Inaction
Posted on by Tom Novak
Financial policy expert and radio host Thom Brueckner joins the show to discuss whether Fed Chair Jerome Powell will continue his inaction or whether the data will drive him to reduce interest rates. Thom provides insight into the potential impact of the Iran-Israeli conflict on the markets.
Days of downpours have begun in Hawaii. The Southwest will soon bake with day after day of record 100-degree-plus (38 Celsius-plus) heat. Two storms will dump snow by the foot over northern Great Lakes states. And the dreaded polar vortex will again invade the Midwest and East with soul-crushing Arctic chill. This forecast of extremes comes as weather whiplash has already hit much of the East.
An inflation gauge closely monitored by the Federal Reserve moved higher in January in the latest sign that prices were persistently elevated even before the Iran war caused spikes in oil and gas costs.
A man with a rifle who crashed into a large Michigan synagogue in what federal officials are saying was an attack had lost four family members in an Israeli airstrike in his native Lebanon last week, an official said Friday.
House lawmakers were digging into Jeffrey Epstein's sprawling financial portfolio on Wednesday as a committee deposed his former accountant and tried to understand his connections to some of the world's wealthiest men.
Major storms whipped up tornadoes in parts of Illinois and Indiana that leveled homes, killing at least two people and injuring others, and another round of rain, hail and strong winds made its way through the region Wednesday, authorities said.