White-Collar Woes On the surface, the U.S. labor market looks strong: Job growth is chugging along and the unemployment rate remains below 4%. The healthy labor market is a big part of why the Federal Reserve has felt confident enough to keep its monetary policy so restrictive. Remember: The Fed has two mandates, keeping inflation…Read more
SoFi Hong Kong Blog
Relative Strength Index (RSI) A widely used technical analysis indicator, the Relative Strength Index (RSI) gauges the momentum and strength of a stock. The concept was developed by J. Welles Wilder in 1978. RSI is determined by comparing relative strengths, normally over the past 14 trading days. The general methods for calculating RSI are as…Read more
The Fed’s Favorite Inflation Measure Last week, the Federal Reserve announced its final interest rate decision of 2023. The central bank held the federal funds rates steady for the third meeting in a row, and signaled rate cuts may come in 2024, driving the Dow Jones Industrial Average to all-time highs. But of course, these…Read more