Central Markets by Robert Lloyd, CFA

The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the  information cannot be guaranteed. All opinions and outlooks are subject to change.

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Fed Emergency Meeting of 10/3/2022

The Federal Reserve had an emergency meeting October 3rd at 1130am EST. I'm sure Credit Suisse and UK pension problems were on the agenda.


I can't believe this is not more widely discussed. The markets are surely taking notice.


What does this mean:


IF they delay rate hikes or cut rates, or

IF they delay quantitative tightening, or

IF they initiate quantitative easing, or

IF they take steps to support foreign central banks,


THEN it may be time for a big bear market rally.


Let's see what they say.


UPDATE: here is their response:


Message from the Fed: Sorry, Charlie.



https://www.bloomberg.com/news/articles/2022-10-03/williams-says-fed-s-inflation-job-not-yet-done-will-take-time


In case you didn't see this, Monday evening NY Fed President Williams said there is no imminent change to Fed tightening policy. There are 3 FOMC voters with very heavy weights: NY Fed President (Williams), Chairman (Powell) and Vice Chair (Brainerd).


We have seen some cracks from the Bank of England and the Royal Bank of Australia (ie slowing rate of tightening despite high inflation).


Robert Lloyd, CFA®

Chief Investment Officer

Lloyds Intrepid Wealth Management

Lloyds Intrepid LLC is doing business as Lloyds Intrepid Wealth Management. Lloyds Intrepid LLC offers investment advisory services in the State of Texas where registered and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. Lloyds Intrepid LLC and its advisers do not provide legal, tax or accounting advice. Lloyds Intrepid LLC formulates retirement plans, investment strategies, portfolio construction and investment due diligence for clients with signed investment advisory agreements with us. The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the information cannot be guaranteed. All opinions and outlooks are subject to change.


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