More Rate Hikes To Come, But Pace To Slow
b"More interest rate hikes to come, but the pace should slow, says Tony Drake. He discusses how the 'majority' of FOMC says lower rate hikes 'would soon be appropriate.' he also talks about how FOMC members say 'uncertain lags' are tied to higher rates support slower rate increases. He then goes over how inflation is high, but is not going much higher and the housing slowdown is due to high mortgage rates. He also talks about how personal savings rates are low and the unemployment rate is low, but a larger number of people are not in the labor force. Tune in to find out more about the stock market today.\\ufeff"