Welcome to the 9Innings Podcast where we Educate, Empower and Engage.
ON THIS WEEKS PODCAST: Kevin talks rising rates and how they may impact the overall economy in 2023. The Federal Reserve has stated it will keep rates higher for longer to attack and mitigate inflation. CPI projections have been coming down very slowly and the Fed has maintained a hawkish stance. The expectations on markets lands solely, in our opinion, on how the USD reacts to slowing economics and rates. The dollar has been the outperformer across all currencies in 2022, and has sold off recently over the past few months. The BOJ, Bank Of Japan, has increased their rate outlook which has pushed the Yen higher off the back of historic lows. Our outlook is currency based and we believe markets will move the way of the USD. We remain positive for stocks overall but do believe the first half of 2023 will be rough. We do believe the market will begin to factor in lower rates for 2024 in the latter half of 2023, and you may see a rebound in the equity markets. We do not believe markets in 2023 will be much higher than the 2022, and do not feel markets will approach new highs.#financialliteracy #stockmarket #certifiedfinancialplanner #interestrates2022 #stockmarket2023
