(12/15/22) Fed Chair Jerome Powell was "a tad-bit more" hawkish at yesterday's FOMC Presser, announcing another 50-bp rate hike, with more to come in 2023, and no rate cuts possibly until 2024. Markets responded with a mixture of performance. Will Santa skip Broad & Wall this year? Will there be recession next year? A first-peek at Consumer Health comes from today's releases of data on manufacturing, retail sales, jobless claims, capacity utilization, and the Philadelphia Fed business outlook index. The Fed moves Terminal Rate higher; the Fed's credibility is now on the line. The difference between pivot and pause; Christina Roberts' Quebecois Adventure; Tracking the Yield Curves: How do we avoid recession in current economic climate? The Fed's projections are pointless...and wrong. Markets have gone nowhere in response to CPI and Fed speech; year-end trading is taking over. 3:13 - A "Tad More" Hawkish 14:33 - Preview - Economic Data Dump Day 30:27 - Christina Robert's Quebecois Adventure 33:07 - Tracking the Yield Curves 44:30 - The Problem with 'Safe Haven' stocks Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Portfolio Manager, Michael Lebowitz, CFA --------- Our Latest "Three Minutes on Markets & Money: "Jerome Powell Releases the Krackens" is here: &list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1 -------- Our previous show is here: "Four Things To Do if You Lose Your Job in 2023" &list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2685s -------- Articles mentioned in this podcast: "The 2023 Investing Outlook As The Fed Pivots – Part II" https://realinvestmentadvice.com/the-2023-investing-outlook-as-the-fed-pivots-part-ii/ -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #FederalReserve #InterestRates #RateHikes #JeromePowell #Recession #2023Economy #Markets #Money #Investing |
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