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This compilation of financial-related insights includes videos from Steven Van Metre, Kitco News, Mark Moss, and Michael Cowan.
Steven Van Metre shares what Bank of America just said and he can’t believe it. Kitco News shares what Federal Reserve Chair Jerome Powell explained about expecting another rate hike this year and a soft landing is not a baseline scenario. Mark Moss predicts when the recession will hit. Michael Cowan reports on the debt crisis, bond market chaos, gold, Carmax plunge, Fed being broke, and Bank of America’s warning.
Steven Van Metre
Sep 28, 2023
I Can’t Believe What Bank of America Just Said
Kitco NEWS
Sep 28, 2023
Federal Reserve Chair Jerome Powell explained that the central bank decided to pause in September because they believed the impact of previous hikes was still working its way through the system, but most FOMC members see one more hike in 2023.
“The fact that we’ve decided to maintain the policy rate at this meeting does not mean that we’ve decided that we have or have not at this time reached that stance of monetary policy that we are seeking,” he said.
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When asked about the reason for potential rate cuts being pushed further out, Powell said the Fed’s higher-for-longer stance is primarily about strong growth rather than sticky inflation.
“Rather than pointing more to a sense of inflation having become more persistent […] it’s more about stronger economic activity, I would say, if I had to attribute it to one thing,” Powell said.
Mark Moss
Sep 28, 2023
When Will The Recession Hit? Inflation is back, housing is unaffordable, food and gas prices are sky high, and we have red flag warnings everywhere that a recession is coming! and yet… the markets are still holding on, the employment data, corporate profits and other indicators look good. It’s confusing… the question everyone wants to know is, why haven’t we had a crash? Has the Fed pulled off the soft landing, or, is the crash still coming and if so when?
In this video I will break down, when the crash could come by looking at 2 of the most reliable and consistent indicators, come up with the most likely scenario and I will show you what you should be watching and doing as this unfolds!
So let’s go.
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Michael Cowan
Streamed live Sep 28, 2023
Debt Crisis, Bond Market Chaos, Gold, Carmax plunge, FED Broke? & Bofa Warning | Cowan Report EP1
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