What’s the Fed’s Master Plan?
Provided by MidAmerica Financial Resources
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 we’re optimistic that the Fed has a plan, and we’re looking forward to the day when Fed Chair Powell has good news to share.
MidAmerica Financial Resources may be reached at 618.548.4777 or greg.malan@lpl.com www.mid-america.us
Securities and advisory services offered through LPL Financial, a Registered Investment Adviser, Member FINRA/SIPC.
MidAmerica Financial Resources and Malan Financial Group are separate and unrelated companies to LPL.
This material was prepared by MarketingPro, Inc. for use by MidAmerica Financial Resources.
