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Health inequity is costing the U.S. health system billions of dollars annually, and could reach $1 trillion by 2040, according to a new report from Deloitte.

But, according to the report's authors, there is one bright spot on the horizon. Boards of health companies are increasingly focused on addressing inequity.

Health equity became a popular phrase during the pandemic and following the murder of George Floyd as calls grew to address systemic inequities in the U.S.

For years, studies have underlined the need to address health inequities, and numerous pilot programs have been tested to provide more efficient health care, but no scalable solutions have ever been realized.

Deloitte estimates that health inequities account for $320 billion in annual health care spending today, or cost about $1,000 per American annually. Its analysis projected the trajectory of unnecessary healthcare spend that is higher among poorer populations and minorities. Researchers analyzed five diseases that predominantly affect these populations, including heart disease, diabetes, breast cancer, colorectal cancer and asthma.

The researchers analyzed five high-cost diseases diabetes, heart disease, asthma, breast cancer, and colorectal cancer and determined common health disparities among the patient populations. They then used this data to establish the proportion of spending that could be attributed to health inequities.

Neal Batra, a principal in Deloittes Life Sciences and Health Care practice, said the key to tackle the issue is pressure from consumers and investors.

"You have more energy and attention around it than ever before. What we also know is that this topic is a genuine topic of discussion at the board and C-suite level in a way it's never been before," Batra said.

"I think boards care about this because investors care about this. I think investors care about this because they genuinely believe consumers care about this. And they believe consumers care about this, in large part, because of...George Floyd," he added.

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A demonstrator holds a sign during a protest against police brutality and racial inequality in the aftermath of the death in Minneapolis police custody of George Floyd during the outbreak of the coronavirus disease (COVID-19) in Manhattan, New York, U.S., June 13, 2020. REUTERS/Caitlin Ochs

And the business case has now become intimately tied to the ethical case.

"I think investors care about this because they recognize that if they are on the wrong side of this narrative...your business can get punished very quickly and very severely," Batra said.

But there are multiple ways the industry has to respond, the report said.

"Health care incumbents, industry disruptors, community organizations, and government agencies each have a role to play in removing the barriers that lead to health inequities and turning unaffordable costs into opportunities," the authors wrote.

There has been lots of M&A activity in recent years, and concerns remain about whether or not regional monopolies and scale translate to savings. But Batra said the country is seeing a surge in small players that could be true disruptors, as more virtual options appear and technology gains footing in the health space.

"I'm actually calling this the age of fragmentation. Where you have enormous explosion of smaller enterprises that are showing up in these spaces to do it differently," he said.

Which is what the latest report aims to highlight, especially for larger entities.

"I think this guidance is meant to help the large enterprises move, but ... change never comes from the incumbents. It comes from pressure from the outside, and the incumbents reacting. And I think we are in that moment right now," Batra said.

Andy Davis, a principal for Deloitte Consulting LLPs Health Care practice, said among the incumbents, insurers in particular are still getting a grip on their role.

"I think they're just starting to see some of the impacts they can have around what they offer around products, what they offer on solutions, how they actually reach out to individuals," he said.

"That all, at some point, comes back to premium and what you end up having to pass on to the consumer, which is pretty unsustainable," he said.

The federal government has taken a lead in trying to find a model, with society inequity adjustments, rather than just risk adjustment, in Medicare and Medicaid.

But all of this, despite years of focus on population health and social determinants of health, is still in the beginning stages, Davis said.

Follow Anjalee on Twitter @AnjKhem

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Investors, consumers are pushing the health care industry to tackle health inequity: Deloitte - Yahoo Finance

Rob Manfred has some big plans for the next few years. (AP Photo/Seth Wenig)

Just because MLB has a new collective bargaining agreement doesn't mean MLB commissioner Rob Manfred is done tinkering with the sport he has been charged with stewarding.

In a wide-ranging interview with ESPN's Don Van Natta Jr., Manfred hinted at multiple on-field reforms he would like to see reach the big leagues in the near future, from robot umpires to an increased number of teams.

Such changes have been a stated intention of Manfred's for years, but he presented some of them in more real terms than previously seen, most notably throwing out a potential timeline for the introduction of automated balls and strikes, or robot umps.

Manfred apparently wants to see the change by the 2024 season, with the possibility of giving managers several challenges for calls during a game.

From ESPN:

In 2024, Manfred says, the automated ball-strike zone system, or as it's commonly called, "robot umpires," will likely be introduced. One possibility is for the automated system to call every pitch and transmit the balls and strikes to a home plate umpire via an ear piece. Another option is a replay review system of balls and strikes with each manager getting several challenges a game. The system is being tested in the minor leagues and has shaved nine additional minutes off the average game length this season, MLB data shows. "We have an automated strike zone system that works," Manfred says.

As in other interviews, Manfred again banged the drum of a pitch clock, in which pitchers would get 14 seconds between pitches with the bases empty and 18 or 19 seconds with runners on base. ESPN reports the current average between-pitch time to be 23.8 seconds, with MLB reportedly projecting an average of 30 minutes shaved off games.

The clocks have been used in the minor leagues for a while, with encouraging results according to MLB. There have been, of course, detractors in the past.

Manfred also hinted that MLB's often-criticized blackouts, in which streaming fans are forbidden from watching games involving teams from their local markets. The commissioner claimed MLB is keen to phase the practice out:

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"Our No. 1 business priority right now is reach," Manfred says. The topic was a main discussion at an owners meeting in June. "Believe me," he says, "we hate blackouts as much as fans do." Manfred notes that the blackout clauses are written into broadcast deals which he has overseen but he says it's now a "top priority" for MLB to phase them out.

Such a sentiment could be related to MLB's reported plans to introduce a streaming service for home games.

There could be more teams to stream in the future as well. Manfred hinted that a number of billionaires are interested in acquiring an expansion franchise and said he "would love to get to 32 teams."

These are topics that have frequently come up during Manfred's tenure as commissioner. He could also soon address a major one of his predecessor Bud Selig's, namely the ban of Pete Rose. The all-time MLB hits leader has reportedly submitted a third petition for reinstatement and his lawyers are arguing that the lack of repercussions for the Houston Astros demonstrates Rose has been treated unfairly.

MLB has recently embraced gambling as well, which could be another boon for Rose's argument. Then again, it could be reason for enforcing an even stronger firewall between players and gambling.

Either way, Manfred is apparently willing to hear Rose out:

"Rule 21, the gambling prohibition, is regarded to be the most important rule in baseball," Manfred said. "It is the bedrock of ensuring that our fans see fair, all-out competition, unaffected by any outside forces, on the field."

He says he will hear Rose out. "Pete will be given an opportunity to come in and be heard, if that's what he wants to do, before I make a decision," Manfred says.

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Rob Manfred says he wants robot umps in MLB by 2024, hints at expansion to 32 teams - Yahoo Sports

Quishon Walker.Quishon Walker

Quishon Walker is a former recruiter at Tesla. He was laid off on June 17.

He says the layoffs were sudden and he feels for all the other people left looking for work.

This is his story, as told to the reporter Jenna Gyimesi.

This as-told-to essay is based on a conversation with Quishon Walker, a former Tesla recruiter. It has been edited for length and clarity.

I worked as a recruiter at Tesla for two months before being laid off on June 17. And I'm not alone the company is planning to lay off 10% of salaried employees.

There was no warning. I wasn't on any performance plan, and I had received nothing but positive feedback during my short stint.

And for what? All for billionaires to continue to save a little more money so they can stay afloat while uprooting the lives of thousands of people.

I previously worked at Apple and Google and consider myself a tech nerd. I was excited to work at Tesla it has always been a dream company of mine.

My job was to look for candidates to work on the Autopilot self-driving software and on the deep-learning team. I live in Austin, Texas, and worked remotely. I really loved my job and ordered two Teslas for myself, which I have since canceled.

On the last day of April, our company's CEO, Elon Musk, sent an email saying we needed to return to the office.

My understanding was that I would be a fully remote employee since my entire team was remote. I was transparent with my manager about my intention to work remotely when I was hired, especially since there wouldn't be anyone to collaborate with or support me if I went into the office. And they shared a lot of my concerns.

I was at an Autopilot recruiting event in California on June 2 when I got the email announcing a hiring freeze at Tesla. It was shocking for me. I hadn't been through this situation at any other point in my career.

But my colleagues reassured me that I shouldn't worry about it and that our team would be fine since Autopilot was one of Musk's priorities and personal favorites. We didn't slow down; we just started recruiting at a higher bar and made sure only exceptional candidates got through.

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It was just back-to-back-to-back. The day after the hiring-freeze announcement, we were told the company planned to reduce its salaried workforce by 10%. My colleagues were a bit on edge but still not worried. I was concerned, but I trusted their expertise since they'd been at the company longer than I had. But this was also why I was worried: As the new hire, I didn't have the data or metrics to prove my worth on the team just yet.

Two weeks later, on June 17, while I was on a call with a candidate, I got a text from my colleague that said someone on their team had been laid off.

Once a meeting popped up on my calendar that said only "Meeting-Tesla," I knew my time at the company was coming to an end.

I joined the virtual meeting about 45 minutes later, and it was my manager and a member of human resources telling me I would be terminated immediately. They basically read off a script. I know it wasn't their fault, but I struggled to maintain my composure and not cry during the meeting.

When it ended, I took a couple of minutes and sat in shock. And then I cried.

I called my friends and told them what happened. I walked to a friend's apartment, and they made me food, and we came up with something to post on LinkedIn.

I tried to log back in to my computer within minutes of being laid off, and it said my email was inactive. I had lost access to everything.

Though I couldn't email my colleagues, I've received messages from them over LinkedIn, and they've been supportive and have helped me try to find other opportunities.

But at the end of the day this situation still sucks, especially because we're most likely at the beginning of a recession, and everything seems to get more expensive as the weeks drag on.

Now I'm on the hunt for a new job, along with thousands of others who have also been laid off. While I'm in a better financial position than most, it's still tough.

I also feel for current Tesla employees who are still at the company. Their workload just doubled, and they may feel pressured to perform and do their jobs effectively, with so many reductions in headcount across the board.

And it's especially disheartening to see so many people on LinkedIn who have been affected by layoffs but then to also see that Tesla is still hiring in so many areas at this moment.

I advise everyone to look into company culture before accepting a new position. Reach out to current employees and ask hard questions. Lean on the people closest to you and do what you need for your mental health.

Tesla didn't immediately respond to a request for comment from Insider.

If you've been laid off and want to share your story, email Jenna Gyimesi at jgyimesi@insider.com.

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I just got laid off from my dream job at Tesla without warning. I feel like my life got uprooted so a billionaire could save some money. - Yahoo...

Its a travel day in Major League Baseball, resulting in a lighter-than-usual slate of just eight games for Thursday.

But two of the MLB teams in action the San Diego Padres and Atlanta Braves have been very reliable for bettors as the road team.

Lets start with the Padres, who find themselves in a contested National League West race with the Los Angeles Dodgers. At this point, the Dodgers have a 1.5-game edge in the standings and those two clubs begin an important four-game series at Dodger Stadium on Thursday night. Its just the second series the two sides have played so far this season with four more to come over the course of the second half.

The Dodgers are -135 favorites on Thursday night at BetMGM with the Padres listed as +115 underdogs. The Padres have won at an impressive clip as a road underdog this season, going 12-6 straight-up.

On the whole, the Padres are 25-15 on the road with an even better 28-12 mark vs. the run line as a road team. The Padres are +1.5 (-175) on the run line in this one with Joe Musgrave on the mound against the Dodgers Mitch White.

San Diego Padres' Eric Hosmer hits against the Arizona Diamondbacks during the first inning of a baseball game, Wednesday, June 29, 2022, in Phoenix. (AP Photo/Matt York)

Over in the National League East, the Braves are steadily gaining ground on the New York Mets. After a sizzling start from New York, the Braves are now just three games out of first place as they go for a three-game road sweep of the Philadelphia Phillies.

The Braves took Game 1 of the series 5-3 by getting to the Phillies bullpen in the late innings. On Wednesday night, it was a 3-1 decision as Braves pitching stifled the Phillies offense. Despite the first two outcomes of the series, the Braves are again the road underdog on Thursday night. The Phillies are -155 favorites at BetMGM with the Braves listed at +125.

The Braves are 20-15 straight-up as a road team this year and even better, 23-12, vs. the run line. You can get the Braves at +1.5 (-155) for Thursdays game. The Braves have Ian Anderson on the mound. Anderson has allowed at least four earned runs in five of his last seven starts, but he had a 3.07 earned-run average in five starts vs. the Phillies in 2021. More impressively, he allowed just one run in 12 innings pitched at Citizens Bank Park last season. The Phillies will counter with Aaron Nola, who has allowed only four runs in his last 30 innings.

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Elsewhere in MLB action, the Minnesota Twins and Cleveland Guardians are set to close out a five-game series in the days lone afternoon game. The Guardians walked off the Twins in dramatic fashion with four runs in the 10th inning on Wednesday night.

On Thursday, Cleveland is a -160 favorite. The Twins, who have a two-game lead over the Guardians in the AL Central, are +135.

Theres also a showdown between the American Leagues two best teams: the New York Yankees and Houston Astros. The teams just split a four-game series at Yankee Stadium last week, but this is a standalone game in Houston put on the schedule because of the games postponed by the lockout.

The Yankees, with the best record in baseball, are -125 road favorites. Houston, which just swept a quick two-game set with the New York Mets in Queens, is listed at +105.

New York Yankees' Aaron Judge gestures to teammates after hitting a game winning RBI single during the ninth inning of a baseball game against the Houston Astros Thursday, June 23, 2022, in New York. The Yankees won 7-6. (AP Photo/Frank Franklin II)

On the PGA Tour, the John Deere Classic began on Thursday. Webb Simpson (+1400) and Adam Hadwin (+1800) opened as the betting favorites to win the tournament. Yahoo Sportsbooks Pamela Maldonado has a breakdown of her picks here.

Theres also plenty of Wimbledon action throughout the day on Thursday and through the weekend.

Speaking of the weekend, UFC 276 is on tap in Las Vegas on Saturday. Yahoo Sports Kevin Iole offered his picks here.

Weve seen some significant odds movement in the NBA with the free agency period about to kick off. For example, the Los Angeles Clippers NBA title odds have gone from +750 to +600 with the news that they are expected to add five-time All-Star John Wall.

There was also the trade of Dejounte Murray from the San Antonio Spurs to the Atlanta Hawks on Wednesday. The Hawks moved from +6600 to +4000 to win the title at BetMGM following the acquisition of Murray, who will pair in the backcourt with Trae Young.

There will be plenty more player and odds movement in the days to come.

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The Daily Sweat: Padres, Braves have been reliable for MLB bettors as road team - Yahoo Sports

Meta bans Russian state media from running ads or monetize on its platform.Chesnot/Getty Images

Meta plans to "operate leaner" as it braces for a macroeconomic slowdown, according to a leaked memo seen by Reuters.

In the memo, Meta's chief product officer warned "we are in serious times here and the headwinds are fierce."

This comes as tech companies brace for slowing growth, with some announcing layoffs in recent weeks.

Meta plans to trim excess costs as it readies itself for a slowdown in business for the second half of this year, according to an internal memo from Meta's chief product officer seen by Reuters.

In a note to employees, Chris Cox wrote that the company will "prioritize more ruthlessly" and "operate leaner, meaner, and better executing teams," according to Reuters.

Cox highlighted macroeconomic uncertainty as the reason for the decision, writing "we are in serious times here and the headwinds are fierce."

He also warned that "teams should not expect vast influxes of new engineers and budgets," Reuters reported.

In a comment to Insider, a Meta spokesperson said, "This was simply an internal strategy memo intended to build on what we've already said publicly in earnings about the challenges we face and the opportunities we have, where we're putting more of our energy toward addressing."

The memo comes as experts warn of stalling advertising spending across industries as companies brace for a possible US recession. Meta's CFO warned of a potential slowdownin advertising revenue earlier this year.

In February, the company reported its first-ever sequential quarterly declinein daily active users.

Many tech companies like Tesla and Coinbase have prepared for decelerating growth by announcing layoffs. While Meta has not announced layoffs, Insider has reported that the company has instituted a hiring freezethat will extend through the year.

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Meta plans to operate 'leaner, meaner, better executing teams' as it prepares for slower growth for the rest of the year, according to an internal...

Following her win over Serena Williams on Tuesday, Harmony Tan dropped out of the doubles competition at Wimbledon.

That decision, which she apparently did an hour before Wednesdays match, left her partner furious.

She just texted me this morning, Tamara Korpatsch wrote in an angry Instagram post. Let me wait here one hour before the match start. Im very sad, disappointed and also very angry that I cant play my first doubles Grand Slam.

And its really not fair for me.

Tan, who entered the tournament ranked No. 115 in the world, beat Williams 7-5, 1-6, 7-6 (7) in a thrilling match that lasted more than three hours Tuesday. It marked the third match that Williams had played in the past year.

Naturally, Tan was thrilled after the win considering who she beat in her first appearance at Wimbledon.

"It's a dream because, you know, I saw Serena on the TV when I was young," Tan said. "My coach, Nathalie Tauziat, played her 20 years ago She's a legend. I mean, she won 23 Grand Slams.

When you play her, I was scared. I mean, I was scared when I was on the court, but really happy to be there."

Korpatsch also played a singles match Tuesday, though she fell to Heather Watson. Korpatsch would have made her Grand Slam doubles debut with Tan on Wednesday, when the French-German duo were going to take on Raluca Olaru and Nadiia Kichenok.

I didnt deserve that, Korpatsch wrote on Instagram. She asked me before the tournament if we wanna play doubles and I said yes. I didnt ask her, she asked me!

If youre broken after a three hour match the day before, you cant play professional. Thats my opinion.

Tan has not responded. Its unclear if the two have spoken since Tan backed out. Korpatsch said in an Instagram story later that Tan said she was just tired after returning late the night before after her match against Williams.

Why couldnt she just tell me that she is injured? Korpatsch wrote on her story. I would have never made this post if she just talks to me.

Tan will play next in the second round against Spains Sara Sorribes Tormo, who beat the United States Christina McHale in straight sets in the first round. Sorribes Tormo was also playing in a doubles match on Wednesday.

France's Harmony Tan beat Serena Williams in the first round at Wimbledon on Tuesday. (AP/Alberto Pezzali)

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Wimbledon 2022: Harmony Tan dropped out of doubles after win over Serena Williams, and her partner was livid - Yahoo Sports

Fantasy Baseball analyst Scott Pianowski highlights all the noteworthy happenings from Wednesday's action.

-Christopher Morel was dropped to the ninth spot in the Cubs order. Thats bad.

Morel did hit a homer, though, and had two runs, two hits; thats good. Over the past month, hes been a strikeout problem, with 42 whiffs and just two steals. Im still holding shares he qualifies at three positions and offers category juice but lets just say its not the longest leash.

-Emilio Pagan worked the 10th inning with a three-run lead, but quickly unraveled one out, then a walk, then a double (Amed Rosario has been sizzling in May). Hey, Pagan got a save for this mess, which shows you how silly that stat is, even sillier than the save. Manager Rocco Baldelli can be quirky with his bullpen usage, but the scuffling Pagan belongs nowhere near the ninth inning.

-Another homer for Willson Contreras, and three more hits. Hes laughing at the rest of the fantasy catcher pool. Hes probably the biggest name player likely to be shipped around the trade deadline. The Cubs are quickly becoming a factor of sadness. That 2016 Championship feels like 20 years ago.

Willson Contreras has been the fantasy MVP at catcher. (Armando L. Sanchez/Chicago Tribune/Tribune News Service via Getty Images)

-Three more hits for Josh Bell, two more walks. Hes up to .319, and the power has returned in June (seven homers). A .308/.390/.492 slash plays in any lineup, and dont forget he qualifies at both first base and outfield. Hes in his walk year, so the Nationals have a tough deadline decision to make. Obviously, this teams season died a long time ago.

-Tuesdays Atlanta save went to A.J. Minter, while Wednesdays went to Will Smith. Lefties taking over the world. Minters seasonal stats and the fact that he closed before Smith means something to me; perhaps Minter merely needed a day off Wednesday. But sometimes managers start feeling omniscient when theyre using multiple stoppers and everything is working. There might be fantasy utility to both of them while Kenley Jansen (irregular heartbeat) is unavailable.

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[Play in one of Yahoo's MLB DFS contests]

-I liked Alex Verdugo before the year but regretfully threw him into a trade maybe five weeks ago. Not a proud moment. Verdugo had a homer and four RBIs in the Wednesday win at Toronto, and hes been a .333 hitter in June, with 17 runs, three homers, 20 RBIs. Verdugo also offers plus defense in Fenway Parks difficult right field; if you can think of when Andrew Benintendi was a favorable comp, thats your reference point here.

-Everyone knows that Jon Berti has been the stolen base god of the month, but check Randy Arozarena and his 10 bags in June. Its been needed, as hes batting just .242 with mild production stats. J.T. Realmuto is also living on stolen-base buoyancy; hes swiped seven bags in June, trying to offset a puny .215 average.

A couple of June thieves arent hitting one lick Dylan Moore has seven bags (but a .176 average) while Jorge Mateo is at .152 (but with six bags, and three homers). Category juice might be able to save Mateo in deeper pools.

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Fantasy Baseball: What you need to know from Wednesday's MLB action - Yahoo Sports

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This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe

Tuesday, June 28, 2022

Today's newsletter is by Emily McCormick, a reporter for Yahoo Finance. Follow her on Twitter.

The Federal Reserve is working hard to bring down inflation, raising interest rates at the fastest pace in nearly 30 years.

Recently, some analysts have begun to explore the idea that inflation may moderate in the coming months.

But this decline likely won't be due to the efforts of the Powell Fed.

It increasingly looks like markets mistook [the] 'bullwhip' effect of supply chain (including food) for secular inflation, Tom Lee, Fundstrats head of research, wrote in a note Sunday.

The bullwhip effect describes, roughly, the tendency of businesses to over- or under-estimate the amount of inventory they will need relative to consumer demand, resulting in volatility in orders across the supply chain.

In the case of the past year, retailers over-estimated, leading them to broadly over-order from wholesalers, who then in turn over-ordered from their own suppliers leading, in aggregate, to a major mismatch between consumers actual demand and inventories on hand. The bloated inventory levels at Walmart (WMT), Target (TGT), Gaps (GPS) and other retailers this past earnings season served as recent examples of how this effect played out in real-time.

I do not believe companies want to permanently carry higher inventory. It is expensive and introduces huge balance sheet risk, Lee said. Thus, companies will want to trim inventories when supply visibility improves. The logical implication, for me, is prices will come down.

This all may sound suspiciously similar to the Feds now-debunked argument from last year that inflation would prove "transitory. And the data even earlier this year have disappointed economists looking for a peak, with Mays 8.6% CPI print unexpectedly taking out what many had expected would be the peak this year in March.

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Already, however, prices for metals, commodities and energy all raw materials in the supply chain have fallen sharply from recent peaks. West Texas intermediate crude oil futures (CL=F) are on track to post their first monthly decline since November, and cotton futures (CT=F) have plummeted from a more than decade-high logged in May.

And this decline may come just in time.

As Jim Reid, Deutsche Banks head of credit strategy and thematic research, illustrates below, the Fed began raising interest rates with inflation significantly higher than seen during prior hiking cycle.

Over the past 70 years, the first rate hike has come, at the median, when the Consumer Price Index (CPI) reached 2.5%. The first rate hike this year, by contrast, occurred in March when CPI soared at an 8.5% annual clip.

The only rate-hiking cycle that resembles the current environment began in August 1980, when the Fed started raising interest rates with inflation running north of 12%.

Chart via Deutsche Bank

Where this cycle is so different is that the first hike occurred very, very late in the inflation cycle, Reid said. My base case remains that the Fed will find it very difficult to ease policy notably given that inflation is going to be harder to dislodge.

And although another ramp-up in the rate of inflation in June may be in the cards, this does not preclude a deceleration in inflation later this year.

June is bound to see another big jump in the headline index, thanks to the surge in gas prices in recent weeks, but the abrupt drop in wholesale prices means that retail gas prices are set to fall quite sharply over the next few weeks, Ian Shepherdson, chief economist at Pantheon Macroeconomics, wrote in a note.

At the same time, core pressures are starting to moderate, thanks mostly to slower wage growth at the margin, so we would be surprised to see the core CPI keep rising at the recent 0.6% per month pace.

Shepherdson said he expects headline CPI to rise by 1.0% in June but then average an only 0.3% rise over the next few months thereafter. And this could then give the Fed leeway to slow its pace of tightening by the end of this year, he argued, even as it refuses to budge from its hawkish rhetoric for now.

Policymakers know very well that the path of inflation, especially the core rate, over the remainder of this year mostly is baked-in and is impervious to their interest rate decisions. Monetary policy works with long lags, Shepherdson said.

But the Fed has constituencies other than monetary economists; they have to calm the inflation fears of the public, the markets, and politicians. That means they have no choice but to sound as tough as possible, because part of their job is to rein-in inflation expectations.

Adding: If inflation then falls faster than their base-case forecastand the marketsthen so much the better.

8:30 a.m. ET: Advance Goods Trade Balance, May (-$105.4 billion expected, -$105.9 billion during prior month, revised to -$106.7 billion)

8:30 a.m. ET: Wholesale Inventories, month-over-month, May preliminary (2.1% expected, 2.2% during previous month)

8:30 a.m. ET: Retail Inventories, month-over-month, May (1.6% expected, 0.7% during prior month)

9:00 a.m. ET: FHFA Housing Pricing Index, April (1.6% expected, 1.5% during prior month)

9:00 a.m. ET:S&P CoreLogic Case-Shiller 20-City Composite, month-over-month, April (1.85% expected, 2.42% during prior month)

9:00 a.m. ET: S&P CoreLogic Case-Shiller 20-City Composite, year-over-year, April (21.20% expected, 21.17% during prior month)

9:00 a.m. ET:S&P CoreLogic Case-Shiller U.S. National Home Price Index, year-over-year, April (20.55% during prior month)

10:00 a.m. ET:Conference Board Consumer Confidence, June (100 expected, 106.4 during prior month)

10:00 a.m. ET:Richmond Fed Manufacturing Index, June (-5 expected, -9 during prior month)

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Inflation will probably fall, but it won't be the Fed's doing: Morning Brief - Yahoo Finance

Theyll chicken out: Fund legend Rick Rule says the Fed wont keep hiking rates aggressively to prevent amazing damage. Here are 3 spots he likes for your money

The Fed is raising interest rates aggressively in an attempt to tame raging inflation.

But according to legendary investor Rick Rule former president and CEO of investment fund Sprott U.S. Holdings things may not go as planned for Americas central bank.

I think theyll chicken out, he told Stansberry Research earlier this month.

If we had a period of real interest rates it would certainly cure inflation, but it wouldn't cure inflation until it did amazing damage to various balance sheets.

This isn't the first time Rule has voiced concern about the economys ability to handle substantially higher interest rates.

In an interview with MoneyWise earlier this year, he said, I do not believe that the broad equities market will handle multiple rate hikes.

Rule doesnt suggest bailing on stocks completely. Heres a look at three things that the super investor still sees opportunities in 2022.

Consumer prices are rising at their fastest pace in 40 years. While the Fed is tightening, Rule doesnt believe the rate of inflation will slow anytime soon.

I think we'll continue to see prices going up for most of the remainder of the decade, he told MoneyWise.

To preserve your purchasing power, Rule points to gold and silver, which cant be printed out of thin air like fiat money.

I think that an investor who does not have some of his or her wealth in precious metals or precious metals equities are making an extraordinary mistake, he cautions.

You can buy physical gold and silver at your local bullion shop. Or you can buy shares in companies that produce precious metals.

For investors who are getting started in the sector, Rule suggests looking at the big names first such as Barrick Gold (GOLD) and Wheaton Precious Metals (WPM).

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The first part of a gold bull market and the most predictable part of a gold bull market is enjoyed by the biggest and best companies in the space.

He adds that when money from retail investors moves into the precious metals market, it doesnt go to the small speculative names. It goes into Barrick.

When building an inflation-proof portfolio, Rule also likes Warren Buffetts idea of investing in price-makers: businesses that can easily increase the price of their products and services without jeopardizing demand.

Buffett has been pointing out going all the way back to the 1970s that there are businesses that are so superb that they have pricing power, Rule says.

He uses Apple as an example.

Early last year, Apples management revealed that the companys active installed base of hardware had surpassed 1.65 billion devices, including over 1 billion iPhones.

While competitors offer cheaper devices, many consumers dont want to live outside the Apple ecosystem. That means as inflation spikes, Apple can pass higher costs to its global consumer base without worrying too much about a drop in sales volume.

But Rule doesnt advocate buying Apple.

Instead, he suggests a representative sample of what he calls global dominators through the exchange-traded fund ProShares S&P 500 Dividend Aristocrats ETF (NOBL). NOBL holds S&P 500 companies that have paid increasing dividends for at least 25 consecutive years.

[The fund] has shown itself over the very long term to be a very efficacious strategy for more than maintaining purchasing power, for adding to your wealth, Rule says.

Since NOBLs inception in October 2013, it has delivered annualized returns of over 12%.

At a time when high inflation is rapidly eroding purchasing power, it might not make sense to keep a bunch of cash on hand.

But thats exactly what Rule recommends.

Sure, savings accounts pay next to nothing these days. However, Rule says that cash gives you the ability to take advantage of moments of illiquidity.

I learned a lesson some years ago in 2008. When I ran into that crisis well-cashed up, the cash gave me both the courage and the tools to take advantage of that circumstance rather than being taken advantage of.

With the global financial markets likely to remain volatile over the near- to medium-term, investors flush with cash wont have a shortage of buying opportunities to capitalize on.

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This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

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Theyll chicken out: Fund legend Rick Rule says the Fed wont keep hiking rates aggressively to prevent amazing damage. Here are 3 spots he likes for...