BREAKING: Warsh asked how a rate hike addresses an energy shock it cannot fix, with the reporter noting a quarter point "does not reopen the Strait of Hormuz," Fed Chair Warsh says the Fed "cannot affect any individual price, whether it be oil prices," and that today's hike is to ensure the shock does not "broaden out" into second and third-order effects across the economy.
The Fed cannot lower the price of oil, so it is raising rates to stop that price from spreading into everything else. US diesel set another record today at $6.31.
S&P 500 returns over the last four years:
2023: 🟢 +26.79%
2024: 🟢 +25.73%
2025: 🟢 +18.14%
2026: 🟢 +12.44% (YTD)
Without looking it up, who knows the last time we had a 4 year stretch with better returns than this?
Matt Damon, Charlize Theron and Emma Thomas celebrate Christopher Nolan's birthday at the Chinese premiere of #TheOdyssey in Beijing.
(📸: Getty Images)
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