Hot Reads: Fed Expects Inflation Through 2021
Plus, Cathie Wood buys the dip on DraftKings.
Compiled by ETF.com Staff
Inflation To Keep On Through 2021 (The Capital Spectator)
The top Federal Reserve Committee expects core inflation at 3% through the year.
Ark Buys $42M In Draftkings Stock (Business Insider)
ARKK and ARKW add after a short seller accused a partner firm of the sports gambling company of “black market operations.”
Stocks Fall In Response To Fed Rates Signal (Yahoo Finance)
The Dow dropped as far as 1% after the Fed signaled faster rate hikes.
Moody’s Upgrades Investment Industry Outlook (Institutional Investor)
The ratings firm points to ETFs as a factor in AUM growth in the last year.
Yellen Rules Out Retroactive Capital Gains Tax Hike (Financial Advisor)
The Biden administration is aiming to almost double the tax on those making more than $1 million through its second major spending package.
MSCI Considering Crypto Index Launch (Reuters)
A possible step toward expanding crypto’s reach despite yesterday’s setback for a bitcoin ETF.
Welcome To The 'Rorschach Market' (Advisor Perspectives)
How to try reading the mixed economic signals of the past few months.
