After Wednesday's election euphoria, investors are sobering up. Stock futures are modestly higher, a day after Donald Trump's election victory powered major U.S. indexes to all-time highs.
Either the Fed lets interest rates settle much higher ... Over the past two years, inflation has averaged 3.1% while stock prices have increased at a more than 20% annualized pace.
Easier interest rates help boost the economy, but they can also give inflation more fuel. The expectation is that the Fed will cut its main rate Thursday, but traders are already paring back ...