11/4/2022 Hints and The Calvary
AUTHOR:TOWNEWEALTHMANAGEMENT.NET/BLOG 11/4/2022 Towne Wealth Management BLOG:
Hints
Hints of lower interest rates increases in the future were announced by Fed Chairman Powell, this first Wednesday in November, says the Wall Street Journal 11/2/2022. The announcement was made on the heels of another 0.75 basis point increase by the Fed, the fourth consecutive 0.75 point increase, taking the Fed’s benchmark federal-funds rate to a range between 3.75% and 4%.
The Calvary
Just on the horizon, the Calvary may be coming to save the day in the form of a change in leadership in Congress. This combined with a potential decrease in rate increases in December may end up giving investors a rosier Christmas.
Let us hope the stockings are full this end of 2022…
…but not of coal.
Ho Ho Ho….maybe?
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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.