Wall Street Unplugged - Your Best Source For Finance, Investing & Economics

The Federal Reserve is driving me crazy… A week after raising interest rates for the first time since 2018 by a measly 0.25%. Fed Chair Jerome Powell is trying to sound tough on inflation. But Daniel offers a different perspective… [0:35] The Fed needs to get its act together right away. I explain what it must do to keep inflation from getting completely out of hand. [7:40] Large-cap China stocks have rallied hard off their lows over the last week. Daniel highlights what’s behind the move… and why it’s a great trading opportunity. [9:25] Next, we review a Bloomberg article on how to deal with inflation—and poke fun at some of the truly ridiculous suggestions—like getting rid of your pets. [12:10] Nike (NKE) reported solid earrings this week, displaying its pricing power amid rising costs. But I still wouldn’t buy this stock right now. I explain why the difference between growth stocks and tech stocks is key to making big gains in this market… tell you about a few tech stocks I’m watching right now… and one se