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Chris Perras, CFA®, Chief Investment Officer of Oak Harvest Financial Group shares his insight into the markets based on 25 years experience. Advisory services are provided through Oak Harvest Investment Services, LLC, a registered investment adviser. Insurance services are provided through Oak Harvest Insurance Services, LLC, a licensed insurance agency.
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Friday Sep 09, 2022
Friday Sep 09, 2022
In the second half of July, stock markets moved sharply higher into mid-August on the hope for a shift towards an easier Fed in 2023. Real interest rates were falling then, having peaked on June 15. The markets had interpreted Powell's July comments to signal the possibility of a downshift in the pace of rate hikes.
In case you missed it, Jerome Powell did pretty much what everyone who works for him said he would. He reiterated the central bank's commitment to fighting inflation as its top priority over economic growth. Click here for more.
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