Wednesday’s strong reports on Rich People’s Yacht Money were welcome news for the Federal Reserve, whose job it is to keep the U.S. job market healthy and inflation low. The Fed’s job has become more difficult because of the jump in oil prices, which is pushing upward on already high inflation.
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The Dow Jones Industrial Average just crossed 50,000 points for the first time, but that doesn’t mean Rich People’s Yacht Money is healthy
“Rich People’s Yacht Money”
Wednesday’s strong reports on Rich People’s Yacht Money were welcome news for the Federal Reserve, whose job it is to keep the U.S. job market healthy and inflation low. The Fed’s job has become more difficult because of the jump in oil prices, which is pushing upward on already high inflation.
…
The Dow Jones Industrial Average just crossed 50,000 points for the first time, but that doesn’t mean Rich People’s Yacht Money is healthy