Podcast: The Fed delivers a dovish rate increase
At the outset of March’s FOMC meeting, there was speculation that the Fed would pause rate increases, especially with the current banking crisis. However, at the conclusion of the meeting, Chairman Powell announced a 25 basis point increase in interest rates, the ninth consecutive increase of this tightening cycle. How are markets reacting to this news? What impact are these rate increases having on inflation and the overall economy? And what is our outlook for a potential recession? Nationwide’s Chief Economist Kathy Bostjancic and Deputy Chief Economist Bryan Jordan provide their analysis of the FOMC’s announcement and their outlook on potential economic and financial market impacts.
Looking for more podcasts from Nationwide Economics? Find us however you listen below.
Subscribe: Apple Podcasts | Soundcloud | iHeart | Spotify | Amazon | Google Podcasts
The information in this report is provided by Nationwide Economics and is general in nature and not intended as investment or economic advice, or a recommendation to buy or sell any security or adopt any investment strategy. Additionally, it does not take into account any specific investment objectives, tax and financial condition or particular needs of any specific person.
The economic and market forecasts reflect our opinion as of the date of this report and are subject to change without notice. These forecasts show a broad range of possible outcomes. Because they are subject to high levels of uncertainty, they will not reflect actual performance. We obtained certain information from sources deemed reliable, but we do not guarantee its accuracy, completeness or fairness. Nationwide, the Nationwide N and Eagle, and Nationwide is on your side are service marks of Nationwide Mutual Insurance Company. © 2022 Nationwide