A Day of Stock Gains Is Nice. But the Fed’s Not Done Hiking.

The late Jack Bogle, founder of The Vanguard Group, famously said that everything you need to know about the investment business can be summed up in three words: “Nobody knows nothing.”

That seems truer than ever after the stock market swooned and soared on Thursday. Inflation numbers came in hot, reinforcing expectations for more steep Federal Reserve interest-rate hikes. All three major stock indexes swiftly fell.

Leave a Reply

Your email address will not be published. Required fields are marked *