High Interest Rates Until at Least 2024, Powell's DC Economic Club Interview, Bearish Trend Started
Channel: DanMarket Investor Channel (DanMarketL)
Date: 2023-02-12

It will take us into 2024 before we can reach the 2% CPI goal according to Chair Powell’s estimate.  In the interim period, we can expect the Fed to continue to keep interest rates high in order to curb inflation. 
When you look at the S&P index, we can see that It has dropped below the upward trending channel.  Looks like a bearish trend has started.

I edited Chair Powell’s remarks to fit the video into the 60-second limit of a YouTube short.  To listen to Chair Powell’s full remarks, please refer to 7:00-8:10 of the following video: 
  https://www.youtube.com/live/kkC4LuuxOg4?feature=share

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