Federal Reserve Wants To Time Financial Conditions Amid Historic Tightening

The stock market today was higher following the latest FOMC minutes. "The reason why we are having an inflation problem has nothing to do with the Fed. Inflation issues started with the pandemic and now with migrated over to geopolitical tensions and lockdowns in China. The Fed is looking to time financial conditions," says Ahmed Riesgo. Will investors that are heavily invested in tech companies see relief? "There is a shift from goods to services, which may have a deflationary impact. There is a low probability of a U.S. recession near-term and now is the time to start buying," Riesgo adds.