What Will Powell Say Today? (5/3/23)

(5/3/23) It's Fed Day, and expectations are 100% the FOMC will raise interest rates another 25-bp. The Great Unknown is what the Fed will say this afternoon in their post-meeting presser. Language will be key in determining whether or not the Fed is done hiking rates. The key phrase, in so many words, will be that the Fed has hiked rates to the point they are sufficiently restrictive to bring inflation down towards the target rate of 2%. Markets this morning are poised to open higher, but how the markets will end the day depend entirely on what Jerome Powell has to say this afternoon. Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton --------  Get more info & commentary:  https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our new "Before the Bell" YouTube channel:  https://www.youtube.com/watch?v=OA4zTW4_Aw0&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #FederalReserve #JeromePowell #Inflation #InterestRates #Money #Investing