1/27/2023 And Our Glide Path???
AUTHOR: TOWNEWEALTHMANAGEMENT.NET/BLOG 1/27/2023 Towne Wealth
And Our Glide Path???
Although markets expect the Fed to raise rates at their 2/2/2023 meeting by .25 percentage points, according to Forbes 1/2/2023, Forbes believes there is a reasonable chance that the Fed will go with a …’.50 percentage point move.’ How will the markets react to such gyrations: some pundits believe this will push us to a harsher recession and to more volatility in the markets. Nevertheless, Reuters 1/20/2023 says the Fed will stop the tightening cycle after a 25-basis-point hike at each of its next 2 policy meetings, then hold off any more increases in 2023. They base this on their economists’ poll. Further, their poll says there are opinions that the Fed may even reduce rates at the end of 2023.
With jobs maintaining and inflation appearing to fall,
2023 appears to have a…
superior glide path to our past year.
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.
Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
The opinions expressed in this material do not necessarily reflect the views of LPL.