This Rate Hike Could Create The Crack In The Economy

The Fed is trying to bring down inflation by crushing inflation, notes Cullen Roche. He discusses the takeaways from the FOMC decision, where the Fed raised rates 25BPS. He talks about how the Fed's decision could impact markets. He goes over the outlook for the U.S. banking system, as well as how banking fallout could impact future Fed funds. He then goes over the outlook for the economy in 2023. He mentions how this rate hike could be the wedge that creates that crack in the economy upon which all these assumptions for interest rate cuts is based. He highlights that the frightening thing about what's going on right now is that you have so many factors that are influencing the way depositors are going to look at all these regional banks. Tune in to find out more about the stock market today.