PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia discussed the latest updates from the Federal Reserve and how it will impact the markets.
Celia stated, “On Wednesday, the Federal Reserve Chair spoke, and I’m trying to figure out how we can go from not having any rate hikes at all to getting three rate hikes in 2022 and, at the same time, aggressively dial back on bond buys. I happen to be very glad that he is talking about three rate hikes in 2022. I think it is the right thing to do, but unfortunately it was the right thing to do back in January or February of this year. He should have tried to get ahead of inflation. Of course, this is what happens when the Federal Reserve tries to lead from behind. Now the markets realize that we desperately need some sensible attacks on inflation, and that’s what this is. It gives some traders a little bit of comfort knowing that the Fed is finally hitting back at inflation—if he does raise rates three times. This is going be very good for inflation—it will raise the value of the dollar, unless things just get totally out of control beforehand. Any kind of inflation control is going be predicated on supply chains getting under control as well. We won’t really see how it all sorts out until Friday of this week. But right now, the good news is the Federal Reserve is going to try to do something about inflation and dial back on the debt that they are purchasing.”
Celia discusses these and other global and economic headlines on his daily, three-hour “Financial Issues” program, heard on more than 660 radio stations and several television networks nationwide, including FISM.TV, viewed on several post-cable television platforms and online.
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