About this episode
(5/4/23) Not only did Fed Chair Jerome "Darth" Powell hike interest rates to 5%, he also essentially said no rates cuts are forthcoming in this galaxy. The "terminal rate" that's been anticipated has been achieved, and markets' hopes are pinned on the chance the Fed will now pause in its rate hikes. The Fed didn't say that in so many words, but Powell alluded that there is sufficient restrictive policy in place, combined with tighter bank lending stanards, to cause a drag on the economy and inflation. Powell did say in particular no conditions exist for the Fed to start cutting rates, which was a disappointment to markets that have been pricing-in 180-bp in rate cuts by the first half of 2024. Markets sold off in response, triggering a sell-signal. Here's how to identify the next opportunity. Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our new "Before the Bell" YouTube channel: https://www.youtube.com/watch?v=DhgiBgg6WL4&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- 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 #JeromePowell #Inflation #InterestRates #DarthVader #Money #Investing