The Federal Reserve is raising interest rates into a ‘slowing economy,' says expert
The Federal Reserve announced the first half-point hike in 22 years
Federal Reserve raising rates into a ‘slowing economy’: Expert
Oxbow Advisors managing partner Ted Oakley discusses the Federal Reserve’s half-point rate hike.
During an interview on "Mornings with Maria" Oxbow Advisors managing partner Ted Oakley said the Federal Reserve is raising interest rates into a "slowing economy," and that it is unlikely they stay this aggressive for the rest of the year.
FED'S POWELL CALMS RECESSION JITTERS WITH REBUFF OF 75-BASIS POINT RATE HIKE
The Federal Reserve raised interest rates by 50 basis points on Wednesday (AP Photo/Jacquelyn Martin, File / Associated Press)
TED OAKLEY: They are raising into really what is a slowing economy. We're starting to see a lot of changes. The rate of change is changing on a number of things. So maybe they stay that aggressive the rest of the year. But we sort of doubt it, because we're slowly, but now becoming faster on seeing a lot of numbers that are starting to slow down. So we'll see how it goes. But I think, as usual, they're looking backwards, so we'll find out.
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Fed announces first half-point rate hike in 22 years
Oxbow Advisors managing partner Ted Oakley weighs in on the Federal Reserve’s interest rate hike.