Stock Investors React To Inflation Report

“Inflation keeps climbing and it’s becoming more entrenched. The Fed is going to face increasing pressure to get inflation under control and will need to raise interest rates by at least 0.5% for the next three meetings and by the end of the year, they are going to need to reevaluate their balance sheet reduction plans, in order to increase them. While we don’t expect a recession this year and have been positioning accordingly, there is much to be concerned about in terms of higher interest rates, higher volatility, and lower liquidity.”