Slatestone Wealth Chief Market Strategist Kenny Polcari, Fitz-Gerald Group Chief Investment Officer Keith Fitz-Gerald and Belpointe Asset Management Chief Strategist David Nelson weigh in on investor fears over a potential global recession in 2023.
The Federal Reserve is expected to lay the groundwork for the pace of interest rate hikes this year, while also tackling red-hot inflation, at the conclusion of their January meeting.
Investors will get partial clarity at 2pm ET with the statement, followed by Chairman Powell’s press conference which starts at 2:30 pm ET.
WHERE INFLATION IS HITTING CONSUMERS THE HARDEST
Stocks are rallying ahead of the news after two sessions of extreme volatility.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 34680.23 | +382.50 | +1.12% |
| SP500 | S&P 500 | 4428.44 | +71.99 | +1.65% |
| I:COMP | NASDAQ COMPOSITE INDEX | 13874.364891 | +335.07 | +2.47% |
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