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On location at the New Orlean Investment Conference, Prospector News Publisher Michael Fox is joined by the National Investor Chris Temple. The discussion starts with the Recent Fed meeting which held interest rates. As noted, there was some hawkish discussion by Fed Chair Powell, but the market generally looked at the pause with overly optimistic eyes. Powell had indicated that the bond market was doing some of the heavy lifting. Since the rate pause the 10-year treasury had reverted back to its trend line at 4.5%. The discussion revolved on whether the future drops in the treasury rate could tip the fed into another ¼ point hike in December.
The Jobs number came in as well and were lack luster indicating a slowing economy while inflation remained high. We discussed how inflation had Hit Dad Six-pack and Sally Soccer Mom, while still not really effecting the latte sipping and wine guzzling crowd. Further speculation was discussed whether, or not Christmas would be the consumer’s last hurrah before throwing in the towel and pushing the economy into recession.
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