About this episode
(9/21/23) The markets' response to Wednesday's FOMC meeting and comments from Jerome Powell were the same as the past eight such announcements. The unspoken question: When will the Fed begin to cut rates? Preparation for Q4 is underway as earnings season wraps; markets are close to end of current corrective phase, and volatility is beginning to warm up. The Fed offered no hope or magical language for Markets. Higher for Longer will be the theme, with no material change from previous statements. The Fed's economic projections are never correct. We're expecting negative revisions to previous GDP numbers. Are higher interest rates here to stay? Does the "neutral rate" reflect what's happening or what's lagging? Demographics are destiny. What the Fed didn't say: What's coming will drive policy; a "soft-landing" is not the Fed's base-line expectation. The Fed WANTS Recession. SEG-1: Market Response in FOMC Aftermath SEG-2: What the Fed Said SEG-3: Higher Interest Rates Forever? SEG-4: What the Fed Didn't Say Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Portfolio Manager Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=HLEarr1D2-E&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=17s -------- The latest installment of our new feature, Before the Bell, "Post-Meeting Fed = Opportunity" is here: https://www.youtube.com/watch?v=pv9TgvqoRY8&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "The Way You Invest in Bonds is WRONG!" https://www.youtube.com/watch?v=2IOGmhwnntw&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=4s -------- Articles mentioned in this report: "Is This Time Different- Unpacking Bond Yields" https://realinvestmentadvice.com/is-this-time-different-unpacking-bond-yields/ "October Weakness Before The Year-End Run?" https://realinvestmentadvice.com/october-weakness-before-the-year-end-run/ "Bond Vigilantes And The Waiting For Godot" https://realinvestmentadvice.com/bond-vigilantes-and-the-waiting-for-gadot/ ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Register for our next Candid Coffee: https://us06web.zoom.us/webinar/register/3016835714744/WN_zCk25t5QThq7CG5NHH4UIg ------- Visit our Site: https://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 #FOMC #interestRates #JeromePowell #SoftLanding #Demographics #NeutralRate #BondYields #GDP #Markets #Money #Investing