Over the last two weeks, the banking system experienced stress not seen since the 2008 financial crisis. Yesterday, the Fed raised the Fed Funds Rate by 0.25%. Fed Chairman Jerome Powell emphasized the resilience of the banking system while highlighting that inflation is still much too high.
In this special edition of "On The Mark," Christian Chan, SVP, Chief Investment Officer, discusses what's happened so far, the Fed's message, and maintaining discipline in long-term investment plans.
If you have questions or concerns about your portfolio during these changing times, don't hesitate to reach out. We're here to help!
Fed Decision—Aiming for Stability
March 23, 2023