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A Higher Nominal Growth World Brings Higher Volatility, Says Jim Caron

Market and policymaker discourse over the next move for the Fed is split: One camp believes the central bank needs to assert its commitment to price stability by hiking in September, particularly to recover some of Chairman Kevin Warsh's inflation-fighting credibility. Another thinks that price gains are on the way down and the Fed is correct to stay its current course. Jim Caron, CIO of Cross Asset Solutions at Morgan Stanley Investment Management, discusses the shift toward higher nominal growth and how the Fed is set to respond to this week's inflation data.

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Bloomberg
Financial

RocketLab Rises on Space Interest; Moderna Moves on Flu Shot | Stock Movers

On this episode of Stock Movers: - RocketLab (RKLB) shares are higher this morning after rising Friday, following earnings from SpaceX last week. - Moderna (MRNA) shares are moving after last week's news that its mRNA flu shot won US approval in an FDA turnaround. - Intel (INTC) shares are moving after the company said it will be offering $15 billion in common stock, taking advantage of renewed interest in its business prospects during the artificial intelligence data center boom.

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