Inflation Is Falling Fast: Is The Fed’s Work Done?

Powell and co. have been consistent in the preaching of the asymmetric risk of “stop and go” policy errors of the 1970s, notes Burns McKinney. He discusses the takeaways from this week’s central bank decisions. He talks about what investors should be watching going into 2024. He suggests that Powell will continue to talk firmly to keep inflation expectations in check and make more limited cuts if there’s risk of surprise. He highlights that inflation is falling even more quickly than the numbers suggest. He mentions that investors should expect lower returns and higher volatility with equities in 2024. His target sector in 2024 is health care and his stock picks include Nextera Energy (NEE), Nasdaq (NDAQ), Rexford Industrial (REXR). Tune in to find out more about the stock market today.