Stocks Shrug Off Powell Comments & a Junk Bond Danger Zone? 9/8/22

U.S. indexes closed higher for a second straight day even as Fed chair Jerome Powell doubled down on his hawkish stance. But could next week’s CPI report signal more aggressive rate hikes are still to come? Plus junk bond defaults are on the rise. What kind of signal is this sending for where the economy is going next? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.