New Fed, who dis?

[The beef 675] [I'm an image] “You guys, I’ve got an idea so crazy it might just work.” - Jay Powell Hey there carnivores, The markets were mixed on Thursday. Today we’re looking at the Fed’s plan of action. Keep raging, Jeff & Jason [Image] [I'm an image] New Fed, who dis? Jerome Powell dropped the virtual mic yesterday at the Fed’s annual Jackson Hole Symposium. It’s good to see the US central bank is limiting expenses these days. The leader of the Federal Reserve [announced a new policy](, indicating that the central bank is willing to allow inflation to run higher than normal for the foreseeable future. Prior to the changes, the Fed had a hard and fast 2% target for inflation. Thanks for trying to keep the price of White Claws down, Jer. You the real MVP. But ‘rona boi done changed the game. The new policy of “average inflation targeting” will allow inflation to run higher than the previous 2% target. Ultimately, the goal is to support labor markets and the broader economy by being a little bit more chill about inflation. So what does it mean? Basically, the Fed has committed to not raising interest rates as unemployment starts to (hopefully) decrease in the fall. Typically, raising interest rates is a tactic used to keep inflation at bay when people are gainfully employed. And investors are thrilled. Markets [jumped on the news]( before giving up some of the gains throughout the trading sesh. The bottom line... Inflation wasn’t the only topic on the docket yesterday. Jerry Interest Rates also announced changes to the way the Fed evaluates employment (or lack thereof). Going forward it will evaluate jobs based on the “shortfalls from its maximum level”, rather than “deviations.” The subtle tweak is a sign that J-Poww and the rest of the plunge protection team believe low unemployment is kosher and won't necessarily lead to inflation as once feared. [Image] Jeff Bishop Is Celebrating His 22nd Anniversary Of Being A Trader [Alternate text]( In Honor Of This Crowning Achievement... He’s Giving Away His Brand New Program—Profit Bridge For Just $22 [Grab It Now]( [I'm an image] ☑️Watch the meat. Beyond Meat is getting its e-comm on, and investors can’t get enough of it. On Thursday, the company [launched]( its direct-to-consumer service, and shares jumped 6%. They would have jumped higher if the company announced it was going to make food that doesn’t taste like sh*t, but that’s neither here nor there. The company’s website will offer users the option to order Beyond Meat products directly to their homes and will include offerings like variety and sampler packs. For those who want just the tip. “Meats” will be delivered via carbon-neutral two-day shipping through the UPS. Really? You can’t throw the USPS a bone? ☑️The SEC comes a-callin’. The SEC has [reached]( out to Boeing and Coca-Cola, asking the companies to shed a little more light on the “supply-chain financing” they engage in. The now popular method of bookkeeping allows companies to perform short term borrowing to pay for goods and services. That doesn’t seem so bad. Well, there’s more. Banks provide the short term loans, and the loans are used to pay company suppliers earlier than they might otherwise, and at a slight discount. The loan recipient then pays the bank back later than it would have had to pay the suppliers. The problem? These loans are often listed as accounts receivable by the companies that use supply chain finance, thus showing an overly rosy picture of their financial health. Boeing killed like 300 in the past two years, do you think they're going to think twice about a little accounting fraud? ☑️Halo reach. Try as you might, like a cat in a NYC bodega, you can’t keep Jeff Bezos out of your market. Amazon is getting into the wearables game now, and with a $52B market to be had, you can’t blame them. On Thursday the company [announced]( its Halo fitness tracker. The device is capable of tracking body fat percentage and other fitness stats, while also having the ability to listen to the users' tone of voice to determine their emotional state. Great, now Alexa can fat shame me? What the f*ck, Jeff? In typical Amazon fashion, the company promised to protect consumer privacy, while not using the data to sell its customers fitness based products. Then explain to me why I just got served an ad for a new set of kettlebells. ☑️Need for speed. Abbott Labs [got emergency FDA authorization]( for a cheap, fast, COVID antigen test, and its stocks reacted accordingly. Shares of the company climbed 8% to an all-time high on the news. The test itself costs just $5 and can provide results in minutes without lab processing needed. Think: pregnancy test without all the pee. According to the White House, Abbott will be ramping up production to “an unprecedented 50M tests monthly.” Unprecedented times, indeed. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website,application or other service ("Services"), please review our full disclaimer located at [(disclaimer. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. 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