Our panel of specialists, including Chief Economist and one-time Federal Reserve (Fed) staffer Vincent Reinhart, Dreyfus Chief Investment Officer John Tobin, and Mellon Senior Investment Strategist Ted Bair, digest the outcome of the last Federal Open Market Committee meeting of the year.
While the pace of hikes will likely slow, the Fed’s job of returning inflation to the Volcker-Greenspan zone of price stability remains challenging. With the Congressional budget season and a potential debt ceiling showdown approaching, its job will likely get harder in 2023.
Please view the transcript under the attachments tab for important disclosures.