012 Fed Meeting 06-14-2023

Episode 012: Welcome to "Markets with Megan," where Megan Horneman, the Chief Investment Officer at Verdence Capital Advisors, provides insightful economic analysis. Today, Megan discusses the recent Federal Reserve meeting. As expected, the Fed decided to pause rate hikes, but the market reacted negatively due to projections of potential future rate hikes instead of cuts. The equity market's optimism about rate cuts is being challenged as inflation remains a concern. The Fed emphasized the need for inflation to decrease in areas like housing and the service sector. The July meeting is considered important, as rate adjustments may occur. The Fed's hawkish tone aims to manage expectations and reduce equity market optimism. Contact podcast@verdence.com for any questions or feedback.