TL;DR
- Fed Chairman Jerome Powell has given his speech at the annual conference in Jackson Hole, Wyoming today, stating that inflation is still too high and more hikes might be needed
- The electric vehicle industry is coming under pressure, with government subsidies being pulled back and many automakers slashing prices
- Trends in investing (like electric vehicles) can be powerful for creating wealth, but the challenge is picking them
- Top weekly and monthly trades
Subscribe to the Forbes AI newsletter to stay in the loop and get our AI-backed investing insights, latest news and more delivered directly to your inbox every weekend. And download Q.ai today for access to AI-powered investment strategies.
Major events that could affect your portfolio
Inflation has come down significantly from its heady highs of mid-2022, but according to Jerome Powell, “It remains too high.” Ok, that’s not really what we want to hear from the man who is essentially in charge of the country’s interest rates (with the help of his friends in the FOMC).
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased