2 Question Tuesday – 2/14/2023 – Will The Fed Raise Rates to 6% & What Would That Mean For The Market?
Welcome to 2 Question Tuesday. This week’s client submitted questions were:
- Will the Federal Reserve raise rates to 6%?
- What will a 6% interest rate mean for the stock market?
Phil, Mike, and Larry discuss the Federal Reserve’s schedule of rate hikes after Citigroup’s head of Asia Pacific trading strategies said the Fed might raise rates to 6% instead of 5%. Even Neel Kashkari, the president of the Fed Bank of Minneapolis and Jamie Dimon, CEO of JP Morgan Chase, agree that rates will rise above 5%. They then discuss the Citigroup strategist’s prediction that fair value on the S&P 500 will drop below 3,500 this year.
Submit your questions to question@2questiontuesday.com
As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.