Stocks, Bonds, And Oil Under Pressure From Massive Headwinds

I am quoted in the International Business Times:

David I. Kass, Clinical Professor of Finance at University of Maryland Robert H. Smith School of Business, provides further insight into the recent FOMC decision.

“Although the FOMC voted 12-0 to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent as expected, its statement (“inflation remains elevated”) and Chair Powell’s subsequent press conference was hawkish in tone,” he told IBT.

“The quarterly economic projections of Federal Reserve Board members and Federal Reserve Bank presidents revealed that there was likely one more 1/4 percent rate increase this year and only two 1/4 percent rate cuts in 2024.”