QQD - Navigating The New Normal: Fed Signals Rate Hikes Are Here To Stay

Summary

• Fed's Powell remains hawkish on rates, despite dovish overtures in statement.
• The Fed reiterates its intension that rates will remain high until inflation is cracked.
• Why rates are going to be higher for longer, even after inflation comes down.

The U.S. Federal Reserve is signaling it's not done raising rates just yet, but it did suggest the pace of hikes could slow in the coming months. Kim Parlee speaks with Michael Craig, Head of Asset Allocation at TD Asset Management, about investment strategy in this rate environment.

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