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The Fed Is Hitting The Brakes With Interest Rates – Finger Financial Five #101

Jeremy Finger
Jeremy Finger
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“Laugh when you can, apologize when you should, and let go of what you can’t change. Life is short, yet amazing. Enjoy the ride.” – Positive Thoughts

The Fed is trying to reduce inflation by slowing the economy. They do this by raising interest rates and reducing the amount of money available in the economy. Some critics have said that, if the Fed had started sooner, they would not have needed to raise rates so much and so fast. I agree. 

The Feds actions are similar to the way my son stops at a red light. Elliott runs up to light and slams on breaks. Not good for him, the car, or the drink he is trying not to spill. 

Unfortunately, we are the ones riding in the Fed’s car and we feel the shock. The good news is stopping quickly is better than running the red light and getting t-boned. 

I talked about interest rates and market outlook with Senior Portfolio Manager and Certified Financial Analyst, John Nichol, on a webinar we had earlier this week.

Highlights from the conversation are:

  • Expect higher interest rates in the near future.
  • Markets could remain choppy in the near term, but there could be pockets of opportunity.
  • Bonds have been hit, but now could be attractive.
  • Recession overseas is more likely than in the U.S. 
  • Get more interest on your cash cushion.

To watch the full replay click here. Use passcode $f2#rZc1 

If you would like a risk analysis, as described in the video, click here to set up a phone appointment. Happy to help any way we can. 

On the lighter side, I got a new grill that uses wood pellets for fuel. I can set the temperature like an oven. Because the heat isn’t direct, it takes longer to cook, but the taste is a lot better. Kind of like taking your time and slowly stopping at the red light. The fish, steak, and chicken turn out fantastic.  The food from the first cook was Family Approved! 

Iren and I saw the Falcon 9 rocket from the beach early this week. Absolutely amazing what science and technology can do.

Hope all is well with you and your family,

Jeremy 

Finger Financial Five – 5 points in 5 minutes or less – is to provide you with a weekly shot of useful financial information.  My intention is to share principles, so that you will have more clarity and peace, that help you make better financial decisions.

Investment advice offered through Stratos Wealth Advisors, LLC, a registered investment advisor; DBA Riverbend Wealth Management.

This content is developed from sources believed to be providing accurate information and provided by Riverbend Wealth Management. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Stratos Wealth Partners and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

*Riverbend intends this video to be for informative/educational purposes solely and not as specific investment advice.

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