Federal Reserve Chair Jerome Powell spoke at a conference after the Central Bank announced their decision to keep interest rates at a 22 year high for the third meeting in a row. Powell claimed that growth had slowed “substantially” and that the Fed would determine “the extent of any additional policy firming that may be appropriate to return inflation to 2 percent over time” suggesting rates have hit their peak. Steve Brown, Guggenheim CIO of Total Return Strategies, joins Yahoo Finance Josh Lipton and Julie Hyman to discuss the comments and take a deep dive into the potential policies that the Fed may adopt going forward.
Brown comments on the Fed easing rates before they reach their target : “If they were to leave policy rates static and inflation does continue moving lower, which had it has been, then policy rate, the real rate, would be increasing more and more restrictive. They’ve opened up the path to easing while not quite being a target because they’re acknowledging that if they were to stay static, they would be getting more and more restrictive.”
#FederalReserve #stockmarket #interestrates
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Its showing that THE FED KNOWS something that WE DONT!!!
They know its an election year. Completely predictable for those with any real experience in markets. Stop listening to the doomsayers. Most real retail investors were fully invested in 2023 for a good reason.
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🤦♂Inflation is coming down is an untrue statement with intent to deceive. The^Biden^administration^inflated the price of every house in every county in the US for the past 3 years by 60% next year they are decreasing houses prices by 1%.(See Proposed Property Tax for 2024) Well the 59% house price increase by the^Biden&administration, still there, the Biden^Price&Inflation is ‘permanent’ Paying triple for everything will continue.🤦♂
The time will come for gains