Closing Bell Overtime: Stocks Sink, Norfolk Southern's CEO On Train Derailment & Coinbase Earnings 2/21/23
Closing Bell
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Is the Fed Moving the Goalposts?
The Fed minutes will be released tomorrow, and the market is paying close attention to them. Charlie Munger says interest rates have been falling continuously since 1980. That's been a huge tailwind for growth stocks; our companies are making money now, he says. But if inflation isn't in the trajectory to 2%, then they may actually have to be yet more hawkish, Munger adds.
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