Did The Markets Just Throw A Temper Tantrum?
Chris Temple joins me to recap the Fed rate hike and the comments made by Jerome Powell in the press conference. The Fed raised rates but did adjust the expected hikes for next year down to 2, from 3. The markets across the board did not like the statement and press conference and sold off into the close. We discuss the balance sheet unwind, rate hike projections, and address what this now means heading int o 2019.
Click download link to listen on this device: Download Show
The Yankees’ famed “Murderers Row” – destroyed opposing teams with their bats.
The Murderers Row at the Fed — they destroyed sound money and sound markets with their policies.