Lynn Reaser Reserve Quotations

Wall Street breathed a collective sigh of relief this week as fears of mounting inflationary pressures and additional rate hikes by the Federal Reserve suddenly evaporated.

The Federal Reserve cannot address directly supply disruptions and really the best support they can give in this situation is to keep the economy on a sound footing with low inflation.

The cacophony on Wall Street this week reflected concerns that the Federal Reserve may raise interest rates further and that corporate profit performance could start to dissipate.