Our expectation is the Fed will hike next week, says Neuberger's Holly Newman Kroft
Holly Newman Kroft, managing director and senior wealth advisor at Neuberger, anticipates the Federal Reserve will raise interest rates next week despite the latest CPI number, stating that the CPI would have needed to be significantly better to alter the Fed's course. She notes the European Central Bank's recent hike and guidance for another, emphasizing the Fed's need to maintain credibility.
The Federal Reserve's decision to hike interest rates impacts inflation, market stability, and the overall economic outlook, particularly in light of global events like the prolonged conflict in Iran and rising oil prices.
The episode also covers the European Central Bank's rate hike, the prolonged conflict in Iran, rising oil prices, the ten-year Treasury yield, Q2 earnings reports, analyst earnings revisions, AI spending, and US midterm elections.
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