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-0.00058895968303268 -0.00195427531188097 -0.00128500294479846 0.00042833431493272 0.00299834020452965 0.00273063125769658 0.00331959094072926 0.0122610697649515
Stock impact report

The Fed is oversteering on inflation–every signal suggests it’s already cooling [Fortune]

HCA Healthcare, Inc. (HCA) 
Last hca healthcare, inc. earnings: 4/21 08:30 am Check Earnings Report
US:NYSE Investor Relations: investor.hcahealthcare.com
Company Research Source: Fortune
Fed Chairman Jay Powell’s newest pledge to continue higher, “restrictive” rate hikes for longer has already drawn a wide range of responses. Critics of Fed policy such as Wharton’s Jeremy Siegel say the Fed is making “ one of its worst mistakes ” by overtightening into a hard landing, while on the other side, supporters such as former Treasury Secretary Larry Summers argue that the Fed’s credibility and future inflation expectations anchoring are at stake if the Fed takes its pedal off the metal too quickly. Coming into the year, there was little question that more restrictive monetary policy from the Fed was needed to cool an overheated economy and bring overwhelming demand closer in line with supply. But in talking with many business leaders, it seems clear that not only are leading economic indicators from industry sources across all the major drivers of inflation (housing, labor, fuel, and food) now suggesting that inflation may have peaked, but there may also be ample economic Show less Read more
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