- As investors brace for mounting financial strains on hospitals and healthcare systems amid estimates that legislation could push millions of Americans off their health insurance. We have been sounding the alarm bells for this structure for over five months, due to the $ 3.4 trillion tax and spending package, which includes cuts to Medicaid. If you are buying uninsured paper and/or small regionals, be aware of what you own.
- Bostic indicated he still supports holding rates steady and pointed to recent inflation data showing price pressures are rising. Bostic told Fox Business, “Right now I would wait” on any rate moves. This does not come as a surprise. What will be more interesting is the feud between Trump and Powell; it will be interesting to see how that plays out. Over my 30+ year career, I cannot remember a time when the FED chair and the president were at odds to this degree.
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