Prospector News Publisher, Michael Fox is joined by The National Investor, Chris Temple to discuss the Fed’s latest rate hike.

After expecting a 50 point raise (Michael’s Position) the fed only raised rates by 25 basis points. Chris Pointed out that some member of the Fed committee telegraphed this in their messaging leading up to the meeting.

Powell’s post meeting remarks were rather “Goldilocks” like , in that there was something for both the Bulls and Bears to hang onto in order to confirm their positions.

Further we discussed how the markets have priced in a “soft landing” for the economy and the likelihood of that occurring. We discussed the reality on at least 2 more 25 basis hikes going forward, as well as the possibility of inflation increasing once again as energy prices continue to rise in 2023.

Finally, we discuss the opportunities presented by the Fed’s continued rate policy and especially as it effects Chris’ “New FAANGs” group of stock. Chris will be speaking on this at the Mines and Money Conference in Miami on Feb 23 and 24.

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The National Investor