The fed turned hawkish, which is normally a bad signal. But in this instance, i believe they heaved a sigh of relief because they had been so wrong on inflation. The fact that they have sped up their tapering and the cy of rate hikes is actually viewed as positive. This is a very different economy than what we saw in 20 20 any policy measure from last year cannot be appropriate to day. We have to normalize.
Michael Zinn, Wealth Management Senior V.P. at UBS, explains why an increase in Covid cases are concerning to investors. Dream Hotel Group CEO Jay Stein discusses the impact of the omicron variant on travel and lodging. Chad Morganlander, Senior Portfolio Manager at Washington Crossing Advisors, provides his analysis of the markets. And Sandip Bhagat, Whittier Trust Chief Investment Officer, shares his optimistic market outlook for the new year.
Hosts: Tim Stenovec, Kriti Gupta and Romaine Bostick. Producer: Paul Brennan.
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