Most market analysts expected the Fed’s 75 basis point increase announced last week – but few anticipated Fed Chairman Powell to describe continued aggressive hikes into 2023. Annex Wealth Management’s Dave Spano explained that after hitting us with a left jab, Powell seems to be announcing a right hook intended to lower inflation – and perhaps knock the economy out in the process. Dan O’Donnell and Dave Spano discuss what may come next.
Will The Fed’s Right Hook Connect?
-
Looking for a second opinion on your financial plan?
As a fee-only fiduciary, Annex Wealth Management must act in your best interest at all times.
Let's review where you are and where you're headed.