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The Federal Competitive Market Board (FOMC) has kept interest rates low for now, yet Phil Streible, primary market planner of Blue Line Futures, claimed that it won't be long till tapering starts, which would pose a major threat to equity markets.
" Following meeting you'll start to hear about tapering as well as there is wide speculation on like when they're mosting likely to ultimately elevate rates, it resembles December 2022, and afterwards March 2023," he claimed.
0:00 – FOMC statement
2:00 – 10-year return
5:49 – Silver
6:50 – Incomes
8:52 – Fed tapering
10:30 – Oil
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Fed keeps rates low, but not for long; here's when rates rise, markets correct - Phil Streible
The Federal Open Market Committee (FOMC) has kept interest rates low for now, but Phil Streible, chief market strategist of Blue Line Futures, said that it won't be long until tapering begins, which would pose a major risk to equity markets.
"Next meeting you'll start to hear about tapering and there is wide speculation on like when they're going to finally raise rates, it's like December 2022, and then March 2023," he said.
0:00 - FOMC statement
2:00 - 10-year yield
5:49 - Silver
6:50 - Earnings
8:52 - Fed tapering
10:30 - Oil
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.