Fed Meeting Today - Another 75-Basis Points?

(11/12/22) The Federal Reserve is widely expected to hike interest rates again at today's meeting by 75-basis point. The more important element, however, is what Powell & Co. will have to say about the future pace and scale of rates into 2023. The anticipated goal is a Fed "terminal rate" of 5%, at which point rate increases would cease. For now. Any kind of inclination towards a more doveish outlook should bode well for stocks. Markets yesterday re-tested the 50-DMA, and it's important to hold at that level today as the Fed meeting commences. All outcomes today are dependent upon the Fed's stance and statement this afternoon.

Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton
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