Shortly after Fed Chair Jay Powell’s press conference on November 2nd, 2022, Jim Bianco of Bianco Research and Joseph Wang, former senior trader for the New York Fed, join Jack Farley to share their thoughts from the November Federal Open Market Committee (FOMC) meeting.
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Timestamps:
(00:00) Intro
(00:42) General Thoughts on The November FOMC Meeting
(04:48) New Sentence On Monetary Policy Acting With A Leg
(12:57) Strong Labor Market
(19:44) Why Should The Fed Not Hike By 75 Basis Points in December?
(23:29) Powell's Yield Curve Is About To Invert
(31:05) Is A Soft Landing Still Possible?
(43:38) A Treasury Buyback Program Is NOT Coming to Rescue The Bond Market (At Least In 2022)
(51:42) A Financial Accident Is Getting More And More Likely
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.