Yesterday, the Federal Reserve raised interest rates by 0.5 percentage points.
Stocks rallied after this news, largely because Fed officials said they aren’t considering an even larger increase of three-fourths of a percentage point in the next quarter.
Still, two big questions remain: If the Fed is not willing to be more aggressive, how will it tame inflation that’s running at 8.5% or more?
And if it can’t tame inflation, does that mean we are heading for a recession?
On my final day in Tulum, Mexico, I sat down with Field Notes Managing Editor Ciaran Madden to answer these questions.
We discussed whether a recession is in the offing, what that would mean for stocks and crypto, and how our trip to Tulum ties into all of this.
Check out the video of our conversation below…
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