“Don’t fight the Fed” is an age-old adage on Wall Street…
And the Federal Reserve laid all its cards on the table this week, saying it will keep its benchmark interest rate near zero for the foreseeable future. So short-term rates will stay down while long-term rates continue to rise…
Chair Jerome Powell also said the central bank will continue pumping billions of dollars into the system every single month to stimulate the economy.
The Fed’s money printing is like sending a massive tsunami at the economy and markets… And what happens when you stand in front of a tsunami?
Check out my super short video and let’s discuss the old adage around why you just can’t fight the Fed…
And as always, please like and subscribe to our YouTube channel and podcast, “Smart Money Circle,” where I interview some of the most brilliant minds in the business. You can also follow me on Twitter, and read more of my thoughts on the market at WealthPress and on Forbes, where I’m also a contributor.
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