The boys called it, The Fed has left rates unchanged. Granted, it wasn't that hard of a call as all the data seemed to suggest that was the overwhelming likely result. Yet, somehow Jamie Dimon came out sounding hawkish after Jerome Powell came out dovish. Adjustable-rate mortgage demand jumps nearly 10% and Wells Fargo is now warning of a 1980s style recession. Confused, don't be. Saied, Chris and Haroon are here to break it all down and make sense out of all this chaos. All facts, no cap. Bars.
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Resources:
The Federal Reserve leaves rates unchanged. Here’s what that means for your wallet (CNBC)
JPMorgan CEO Jamie Dimon suspects Fed 'may not be done' raising rates amid 'stickier' inflation (Yahoo! Finance)
Adjustable-rate mortgage demand jumps nearly 10% as buyers struggle to afford housing market (CNBC)
M&A to explode in 2024 as roughly 1,200 companies are expected to run out of money (Yahoo! Finance)
Housing Market Crash: Wells Fargo Warns of 1980s Recession (Investor Place)
Private sector payrolls rose 113,000 in October, less than expected, ADP says (CNBC)
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