PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia discusses the Federal Reserve’s recent and upcoming actions.
“It looks like whatever the Federal Reserve does, thinks or says—or whatever traders are speculating the Fed might do—is going to continue to dominate the markets as we go through the rest of this month,” said Celia. “Even into the next month, the Federal Reserve is going to be at the top of everybody’s list even though we may be getting some important economic data. Inflation is going to continue to be a strong headwind for the markets as we move forward. I’ve been saying this for some time. We could see a correction in the next several months—10 or 20%. It would be a healthy correction. It is something we need. The question is—will there be any end in sight to the correction?
“We’re going to have to see how that all shakes out. I have my suspicions about whether this is going to be long lasting. I think it is. The inflation is here to stay, and we are running out of time to be working strictly on the Trump economy. The Biden economy is not looking very good. We have a fair amount of economic data coming out. We’ll have to wait and see how it all pans out, but it is still going to be about markets. And I think markets are beginning to wake up behind the curve as usual because their ideology just keeps getting in the way.”
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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