6/17/2022 So…The Economic Dogs of War Are Unleashed
AUTHOR: TOWNEWEALTHMANAGEMENT.NET/BLOG 6/17/2022 Towne Wealth Management BLOG:
The Economic Dogs of War Are Unleashed
A 75 basis point increase in the Fed Fund Rate it is…..reports Fox News 6/15/2022. Amazingly, it was only a month ago that Fed Chairman, Powell, said that a 75 basis point increase was ‘not on the table,’ according to Breitbart 6/14/2022, suggesting that after several 50 basis point movements that there would be a suspension of increases as soon as September. Even the futures market only showed a 4% chance of a 75 basis point increase before the Wednesday Fed Meeting. This all changed with a blistering increase in the inflation rate of 8.6% in May, the highest in decades, pushing the odds of a 75 basis increase to 95% Tuesday afternoon. Now the questions: Will the market see the rate increase as a burdensome expense collar…..or will the market see a rate increase as a inflation muzzling benefit?
So …the economic dogs of war are unleashed…..
and, “Cry havoc?” as Shakespeare declared ….
we shall see….
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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.