The Fed's Ongoing Tug-Of-War Can't Persist Indefinitely

The weary market consensus is bucking the Fed's future outlook by pricing in just one more hike before pausing, says Peter Higgins. He talks about how stocks are lower ahead of the FOMC announcement, and expectations for today's FOMC announcement. He discusses the chances for potential rate cuts in 2023. He talks about how the ongoing tug-of-war between the Fed and the markets can't persist indefinitely. He notes that the current fixed income spreads aren't necessarily pricing in recession risk. Finally, he goes over investing trends in the current market. Tune in to find out more about the stock market today.