Public Enemy #1: Inflation
Jack Janasiewicz offers his tactical take on the capital markets in this podcast recorded on November 3, 2022.
- After falling for most of the year, stocks turned in positive returns for the month of October, with the S&P 500® gaining more than 8% during the month.
- But the increasing likelihood of continued rate hikes from the Federal Reserve is keeping a lid on market enthusiasm.
- The Federal Reserve still considers inflation public enemy #1, and wants to see three things happen: slower growth, a softer labor market, and evidence that inflation is heading down toward its 2% target.
- As some of the data takes time to work through the system, the chances increase that the Fed may raise rates again in December and January – and keep them there until the data catches up.
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