- Persistent inflation has left the Fed with little choice but to continue its recent run of large interest rate hikes. With monetary policy now firmly in restrictive territory, we expect a moderation in inflation … but at the likely cost of weaker job creation and slower growth. – Brian Nick, Chief Investment Strategist, Nuveen
- Our view is that the peak in the Fed funds rate will occur during 1H 2023 and that, while a pause in the Fed’s tightening cycle is likely at that point, inflation will be strong enough to preclude rate cuts – Bob Doll, Crossmark Global Investments.
- Inflation is becoming more broad-based and isn’t going away easily. We see a 25% chance of a U.S. recession in 2022 and a 65% chance in 2023. Europe is likely to enter a mild recession around year-end. – Vanguard
As always, we continue to believe that one’s circumstances and risk profile should determine the appropriate mix of investments, and not media headlines. Please contact us if you ever have any questions or concerns about your accounts or any news you hear.
Information in this commentary is gleaned from third party sources, and while believed to be reliable, is not independently verified. This content is not intended to be tax, legal, investment or fiduciary advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The strategies and/or investments discussed in this material may not be suitable for all investors. Bernardo Wealth Planning recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial advisor. Past performance does not guarantee future results.