 | Federal Reserve Chair Jerome Powell came out guns blazing last week when he told the world he’d keep raising rates “until the job was done.”
Rate hikes at 0.75%, rather than a shock-and-awe tactic, might just become the new normal.
We entered a recession by technical measures in the second quarter, as gross domestic product (GDP) contracted for two consecutive quarters.
But it doesn’t quite look like a true economic downturn yet. The labor market is still tight, and Americans are spending (they’re just being a little smarter about where their dollars land).
Of course, with the Fed now making it clear that it’s nowhere near done tightening, the risk that we slide into a real recession grows by the day.
This pipeline stock is OK with that. 
Suggested Stories: Fed’s Inflation Fight Helps 97-Rated Regional Bank Stock
6.6% Dividend Is on a Rare “Discount Sale” (but Not for Long)
| The next big crisis in America is NOT going to be a “banking crisis” like we had in 2007 … and it certainly won’t be like what we saw in 2020. Expert who predicted Black Monday and the dot-com crash says we will experience a “new” crisis of epic proportions. | |
Chart of the Day Data continues to suggest we aren’t in a recession.
This may be difficult to believe.
A recent survey by The Conference Board showed that 41% of respondents think we are already in one.
Even those who don’t believe we’re there yet are worried — 33% of respondents believe we will be in a recession within six months.
The latter group may be correct.
Check out today’s chart to see why.  Suggested Stories: Inverted Yield Curve Signals Bad News: We’ve Seen This Before
Inflation Reduction Act May Boost TSLA and F — but There’s a Bigger Play
| Experts believe this new tech will create more wealth than all the fortunes of the last 150 years combined. That’s why the world’s richest men and even the United States Senate approved throwing hundreds of BILLIONS of dollars into this new technology… And right now, there’s a little-known stock at the center of all the action.
In fact, this small-cap stock is still trading for less than it costs to buy a tank of gas. | |
| 
1976: John Bogle, founder of The Vanguard Group, launched the "Vanguard First Index Investment Trust," the first index fund for retail investors. The fund tracked the S&P 500 and started with $11.3 million in assets — far from Vanguard's desired $150 million. The Vanguard 500 Index Fund, as it is known today, has now surpassed $490 billion. | |
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