Why Stocks Shrugged Off Iran Escalation
As the U.S. Government was reportedly sending additional troops to the Mideast, after killing a top Iranian leader, fear of Iran's asymmetric warfare tactics spread. The Standard & Poor's 500 stock index closed slightly lower than yesterday's 3,257.85 all-time high, ending on Friday at 3,234.85. Here's why: The U.S. economy is expected to grow 2% after inflation in 2020.That's not roaring growth, but the Fed's projections as of December 11th, 2019 were realistic and make it likely that the 10½-year old expansion will continue despite the new foreign crisis. Although a war with Iran would present serious new risks,...
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