A long-time market bull is not as bullish due to inflation.
The Federal Reserve is expected to raise interest rates six times over the next two years in order to tame massive price increases from vehicles to shelter to food.
The firm's chief equity strategist told CNBC that he thinks there will be two quarter point rate hikes from the Fed in the second half of next year.
The manager of $634 billion in assets is concerned about the inflation numbers. Personal consumption expenditures and the consumer price index are going fast.
The Commerce Department reported last week 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 888-270-6611 Food and energy are not included in the inflation gauge used by the Fed.
The consumer price index increased in October. Food and energy are included in the Labor Department's index.
He said that it wouldn't surprise him if the Fed accelerated the pace of the reductions. We would expect to see some rate increases once the tapering is done.
It could take Wall Street by surprise.
He said that the Fed has been talking a good game with the Biden administration in regards to the temporary or transitory of inflation.
The Fed comprehends the problem, according to Orlando. He points to the decision to begin the reduction in force.
He said that they were going to remove accommodation at a reasonable pace over the next two years in order to try to get their hands around inflation.
Due to their ability to recover rising business costs, energy, materials, and industrials stocks are popular with Orlando.
The companies that are navigating this situation are the ones that we are trying to invest in.
There is no information about this
