Adam Taggart, Wealthion
AUG 7, 2022
Have the near-term odds of a Fed pivot dropped?
Yes, concludes financial advisor Lance Roberts.
The Fed is hiking interest rates to destroy demand.
Most experts think the Fed will continue until it either tames inflation or it "breaks something" and is forced to reverse course.
Well, inflation remains at a 40-year high. And the recent market rally and blowout jobs numbers indicate there's no current worry of systemic weakness.
So the Fed has a green light to continue hiking, likely higher and for longer than many who've expected a Fed pivot to happen this quarter.
What does that mean investing-wise?
For Lance's and my perspective, as well as everything that mattered to markets this week, watch this new Weekly Market Recap featuring Lance Roberts.
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