Financial advisors and market watchers will continue looking toward September for the Federal Reserve’s next swipe at the inflation giant it hasn’t yet been able to slay.
Vance Barse, founder of Your Dedicated Fiduciary, describes the Fed’s current rate-hike cycle as in its “eighth or ninth inning, but innings can take a lot longer than you think.”
“The reality is the Fed committed a monetary policy mistake because it waited so long to raise rates when inflation was spiking,” Barse said. “The age-old adage is that the Fed hikes until something breaks, and the one thing that hasn’t broken yet is core inflation ex-housing, which the Fed claims is its core metric.”
See Advisors Roll With The Fed’s Well-Telegraphed Monetary Policy Move in Investment News.