Market To Hit New Lows In 2023 As Interest Rates & Inflation Go 'Higher For Longer'
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As investors enter 2023, all eyes remain on the Fed and how committed it will remain to its hawkish course of hiking rates & tightening its balance sheet.
The latest data shows that the markets doubt the Fed will fulfill its plan to hike the Fed Funds rate to 5%, or higher, and then hold it there for a meaningful number of months.
In short, they expect the Fed to pivot soon.
But today's guest warns not to underestimate the Fed's resolve. Peter Boockvar, Chief Investment Officer of Bleakley Financial Group & Editor of The Boock Report sees rates as going "higher for longer" than the market is pricing in.
Video Length: 00:56:28
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