The Fed Plans For Higher Rates

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The Fed Plans For Higher Rates

The Federal Reserve, in recent years, has been committed to being open about its policy on interest rates. And that commitment was on full display in recent weeks.

In an early April speech, Fed Governor Lael Brainard said the central bank needs to act “quickly and aggressively” to drive down inflation. She indicated that upcoming interest rate increases could be higher than the Fed’s traditional 0.25 percentage point bump.

On the same day, San Francisco Fed President Mary Daly expressed her concern about inflation and suggested that higher prices are “as harmful as not having a job.”

In a speech to the Delaware Chamber of Commerce the following day, Philadelphia Fed President Patrick Harker said higher interest rates are needed to help manage rising prices.

There’s an old saying, “one’s a dot, two’s a line, three’s a trend.” Based on these most recent comments, it’s pretty clear there’s a trend among Fed officials.

Our team watches what Fed officials are saying and keeps an eye on how the markets interpret the news. If we see the need for a portfolio change, we’ll explain why we are charting a new course.

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright 2022 FMG Suite.

Dr. Jason Van Duyn
586-731-6020
AQuest Wealth Strategies
President

Dr. Jason Van Duyn CFP®, ChFC, CLU, MBA is a Registered Representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA & SIPC. The LPL Financial registered representative associated with this site may only discuss and/or transact securities business with residents of the following states: IN, IL, TX, MI, NC, AZ, VA, FL, OH and CO.

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