What's the Fed's Master Plan?
Wall Street is always searching for a hero to embrace or a villain to blame. And right now, Fed Chair Jerome Powell is the villain.
After the September Fed meeting, Powell said interest rates may be heading higher for longer than anticipated and that “no one knows whether this process will lead to a recession, or if so, how significant that recession will be.”
But recent data suggests that traders expect short-term rates to peak next year and perhaps trend lower by the end of 2023, which could mean that Wall Street is prepared to see its “villain” as a “hero” when the Fed tames inflation.
Despite all this, we know this year has had its ups and downs. Just when it appears to have turned a corner, something else happens, and the markets are under pressure again.
But I’m optimistic that the Fed has a plan, and I’m looking forward to the day when Fed Chair Powell has good news to share.
Mary may be reached at (520) 495-2800 or Mary@schulzfinancialgroup.com.
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This material was prepared by MarketingPro, Inc. for use by Mary Schulz