Housing market looks to be cooling as existing home sales dropped by 0.9%. Lumber is down 60% from recent highs. Earning season picks up this week with reports from airlines, railroads, drug companies and technology.
Arkansas Money & Politics is proud to showcase its Future 50 for 2021. The Future 50 represents those Arkansans — business, political, cultural leaders — recognized by AMP readers as poised to do big things in their fields.
They could be up-and-comers, business leaders already established or industry veterans who have switched fields. But they all share one thing in common — from them, big things are expected. Highlighted by the subject of this month’s cover, Rock Dental Brands CEO Kristi Crum, this year’s Future 50 installment runs the gamut of Arkansas industry, from tech startups to government service.
Sowell acknowledged that inflation had increased notably in recent months, but he reiterated that he saw it as transitory due to supply issues and the reopening of the economy. He believes the labor market has a long way to go and needs continued support. The bullish comments on supporting the economy for as long as it takes pushed equities higher for the week.
On Wednesday, the Fed raised its inflation expectations, saying that it is considering tapering its purchases of Treasuries and mortgage securities and showed a slightly more hawkish view towards 2023 rate hikes. Read more about expectations associated with Powell’s upcoming congressional testimony.