Pivot, Pivot, Pivot - The Fed Has No Choice -- David Wright #5909

<p class="MuiTypography-root MuiTypography-body1 css-jxzvhi">Kerry Lutz and David Wright discussed the recent decision by the Fed to not raise interest rates and its potential impact on the economy. They talked about concerns regarding the banking and financial sector, inflation, and the impact of rising gas prices. Wright suggested that shrinking the balance sheet is the best way to regulate inflation, rather than raising rates, and predicted that rate decreases could occur in September 2024.</p> <div class= "MuiCollapse-root MuiCollapse-vertical MuiCollapse-entered css-c4sutr"> <div class="MuiCollapse-wrapper MuiCollapse-vertical css-hboir5"> <div class= "MuiCollapse-wrapperInner MuiCollapse-vertical css-8atqhb"> <div class="MuiStack-root css-17u8plo"> <p class="MuiTypography-root MuiTypography-body1 css-jxzvhi">They also discussed the impact of the UAW strike and the potential for increased unemployment and demand destruction. Additionally, they discussed tips for investing and saving in uncertain times, with Wright advising investors to focus on the purpose of their money and suggesting short-duration securities, treasuries, and bond-like instruments for income and stability. He also cautioned against chasing high dividends and warned that rate hikes can cut profits.</p> <p class="MuiTypography-root MuiTypography-body1 css-jxzvhi">Visit David at: <a href= "https://WrightFinancialGroup.com">https://WrightFinancialGroup.com</a></p> <p class="MuiTypography-root MuiTypography-body1 css-jxzvhi">Visit FSN at: <a href= "https://FinancialSurvivalNetwork.com">https://FinancialSurvivalNetwork.com</a></p> <p class="MuiTypography-root MuiTypography-body1 css-jxzvhi">  </p> </div> </div> </div> </div>