Consumers are becoming less sensitive to interest rates due to a large percentage having fixed mortgage rates under 4% resulting from the low rate environment. This situation reduces the Fed's control over consumer behavior, although interest rates still impact consumers to some extent.
On episode 138 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Dion Rabouin and Callie Cox to discuss: the Fed's next move, why inflation is so stubborn, Larry Fink's shareholder letter, the craziest meme stock yet, why people play the lottery, the problem with housing, and much more!
This episode is sponsored by Global X. Visit https://www.globalxetfs.com/ to explore a lineup of more than 90 ETFs, along with insights to help you navigate a dynamic investing landscape.
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