What: News this morning that the Fed’s increasing interest rates again. Powell wants to get inflation back to 2%, preferably without throwing the US into a recession.
Impact: The rising interest rates means money is harder to come by and business will need to slow their expansion plans (or even lay off their staff). I’m interested right now in companies with really high Returns on Invested Capital like $MSCI. And avoiding those who are lighting money on unproven new ventures like $SNAP.