Prospector News Publisher Michael Fox is joined by the National Investor, Chris Temple to discuss the recent FED meeting. It was a bit a lackluster meeting where the Fed held rates and the only real piece that came out was the dot plots have dropped from 4 increases to 3 for 2024. It was noted that a large segment of the Fed Board members are now indicating that number may decrease to 2 in future meetings. We discuss the likely reaction on both Wall Street and Main Street.

We discuss the bifurcated economy again (now believe its closer to 2/3 of public being affected by recessionary pulls) and how the great stagflation looks like its going to play out. We discuss the “Sophie’s Choice” the Fed is rapidly approaching does it react to a recession before inflation is tamed. Chris feels that the fed may have painted itself into a corner as far as raising rates further but sees higher for longer remaining this year.

The National Investor