About this episode
(1/19/23) The Fed says rates have to keep going up, with no "pivot" in sight, a stance reiterated by two Fedsters contending erates need to be above 5%. However, inflation has been running at about the Fed's target rate of 2% over the past few months. Has the Fed gone too far, and now in jeopardy of creating more economic problems down the road? December Retail Sales would indicate so, off +1% for the month, Manufacturing data suggests that part of the economy already is in a recession, and the ISM Services Index is signaling contraction is underway...suggesting the economy is already far softer than the Fed would imagine. Despite the poor economic news, the Fed is doubling down on "no pivot" anytime soon. 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=HxKWW2vFu7U&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- 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 #Inflation #RetailSales #Manufacturing #FederalReserve #InterestRates #RateHikes #FedPivot #Markets #Money #Investing