FEDERAL RESERVE PREVIEW: TRICK OR TREAT?
With a series of important economic indicators suggesting the economy is declining and inflation is finally decelerating, albeit very slowly, markets are beginning to factor in that the Fed may soon transition to a less aggressive stance in early 2023. Here we preview this week’s Fed meeting and discuss whether investors will get a trick or a treat.
A TIME TO DOWNSHIFT
Although Federal Reserve (Fed) Chairman Jerome Powell has repeatedly stressed the Fed will “keep at it,” he also noted at the end of September the Fed would soon be approaching the time to slowdown.