Pivot, Pivot, Pivot - The Fed Has No Choice -- David Wright #5909

Kerry Lutz and David Wright discussed the recent decision by the Fed to not raise interest rates and its potential impact on the economy. They talked about concerns regarding the banking and financial sector, inflation, and the impact of rising gas prices. Wright suggested that shrinking the balance sheet is the best way to regulate inflation, rather than raising rates, and predicted that rate decreases could occur in September 2024. They also discussed the impact of the UAW strike and the potential for increased unemployment and demand destruction. Additionally, they discussed tips for investing and saving in uncertain times, with Wright...