Stephanie Pomboy: Count on a LOT of Pain Before the Fed Pivots

Written by Barry Investment Advisors | Sep 22, 2023 7:41:13 PM

Inflation is falling, fewer institutions are predicting a recession, and the Fed is expected to slow the pace of interest rate hikes – so when is that slow down going to happen? Analyst Stephanie Pomboy joined Wealthion to share her thoughts on the current state of the markets, where they’re going, and how much pain the economy will endure before the Fed reverses course. According to Pomboy, it won’t be long before the effects of the rate hikes start affecting asset prices, economic growth, lending, and just about every other part of the economy.