The Federal Reserve’s preferred inflation measure rose to its highest in roughly 30 years and Chair Jerome Powell sees inflation continuing into 2022. What assets may benefit from rising inflation? Historically, energy and consumer shares have risen in a high-inflation environment.
South Korea fined Google on Tuesday for allegedly abusing its power in the mobile market.
This is a recurring theme among the largest technology companies. Will
investors also penalize the world’s largest search engine by selling its stock?
The Aussie dollar’s fortunes have been tied to the virus and its disruption of the post-pandemic recovery. Will the country’s central bank support the currency or continue with its policy to keep it weak?