GET UP TO $100 OF FREE CRYPTO: Trade Bitcoin, Doge, and other crypto with low fees on FTX. Use my referral code GRAHAM: https://ftx.us/partners/graham - Enjoy! Lets talk about latest Federal Reserve Rate Hike from Jerome Powell - Add me on Instagram: GPStephan
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THE SEPTEMBER FEDERAL RESERVE MEETING:
They said, that we’re most likely to see ANOTHER 75 basis point rate increase at their NEXT meeting in November, along with another 50 basis point hike in December, putting us at interest rates note last seen since prior to The Great Recession.
In addition to that, they ALSO made it apparent that they expect 2022 to see next to no GDP growth, at just 0.2%…and, have revised every single projection DOWNWARDS…implying that our economy is likely to slow down FURTHER than expected, potentially bringing us through an economic recession.
Because of that, they mentioned that a “SOFT LANDING” will be challenging, and will ultimately depend on how long prices stay high - after all, they understand that inflation is largely driven by supply shocks and various other factors that they have absolutely no control over - so, the longer those issues persist, the worse it’s going to be for OUR economy.
Jerome Powell also said, that it’s also important that they hike rates NOW while earnings are still strong, employment is still high, and the economy can absorb some of the “shock” - than wait too long for the economy to overheat, and then - it’ll be much more difficult to get under control.
In addition to that, they ALSO mentioned that the unemployment rate is LIKELY going to increase in their effort to “restore price stability,” going from 3.8% to 4.4% next year…and, we’re probably going to see fewer job openings until they begin to reverse course…in 2025.
In the mean time, they don’t intend to front load more rate hikes than necessary and “shock the market” to “get it over with”….but, they did say, that the housing market is likely to go through a “correction,” while prices “reset” to a new normal, following higher mortgage rates.
In terms of how much a correction we might see…by definition, it’s a decline between 10 and no more than 20% off peak prices…so, if he’s correct…we could see housing levels come back down to where they were at the beginning of 2021.
OVERALL, though, this entire meeting was rather BEARISH, with a very clear message that: rates are going higher, they’re STAYING higher - for longer…and unemployment is going to INCREASE. This was a very different message than his previous meetings, where - it was mentioned that they’re “committed to fighting inflation,” while waiting a rosy outlook for the future...but this time…not so much.
My ENTIRE Camera and Recording Equipment:
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For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
GET YOUR FREE STOCK WORTH UP TO $1000 ON PUBLIC & READ MY THOUGHTS ON THE MARKET - USE CODE GRAHAM: http://www.public.com/graham
NEW BANKROLL COFFEE NOW FOR SALE: http://www.bankrollcoffee.com
GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: http://grahamstephan.com/newsletter
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=100OFF - $100 OFF WITH CODE 100OFF
THE SEPTEMBER FEDERAL RESERVE MEETING:
They said, that we’re most likely to see ANOTHER 75 basis point rate increase at their NEXT meeting in November, along with another 50 basis point hike in December, putting us at interest rates note last seen since prior to The Great Recession.
In addition to that, they ALSO made it apparent that they expect 2022 to see next to no GDP growth, at just 0.2%…and, have revised every single projection DOWNWARDS…implying that our economy is likely to slow down FURTHER than expected, potentially bringing us through an economic recession.
Because of that, they mentioned that a “SOFT LANDING” will be challenging, and will ultimately depend on how long prices stay high - after all, they understand that inflation is largely driven by supply shocks and various other factors that they have absolutely no control over - so, the longer those issues persist, the worse it’s going to be for OUR economy.
Jerome Powell also said, that it’s also important that they hike rates NOW while earnings are still strong, employment is still high, and the economy can absorb some of the “shock” - than wait too long for the economy to overheat, and then - it’ll be much more difficult to get under control.
In addition to that, they ALSO mentioned that the unemployment rate is LIKELY going to increase in their effort to “restore price stability,” going from 3.8% to 4.4% next year…and, we’re probably going to see fewer job openings until they begin to reverse course…in 2025.
In the mean time, they don’t intend to front load more rate hikes than necessary and “shock the market” to “get it over with”….but, they did say, that the housing market is likely to go through a “correction,” while prices “reset” to a new normal, following higher mortgage rates.
In terms of how much a correction we might see…by definition, it’s a decline between 10 and no more than 20% off peak prices…so, if he’s correct…we could see housing levels come back down to where they were at the beginning of 2021.
OVERALL, though, this entire meeting was rather BEARISH, with a very clear message that: rates are going higher, they’re STAYING higher - for longer…and unemployment is going to INCREASE. This was a very different message than his previous meetings, where - it was mentioned that they’re “committed to fighting inflation,” while waiting a rosy outlook for the future...but this time…not so much.
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
They are not going to raise rates 0.75% in November. They will do what is needed to keep the current party in power ahead of the elections. Look forward to another $1T spending bill getting rushed through too
I am doubtful the crash will happen, but because investors react emotionally and not logically, we are seeing a lot of volatility. I am using this time to buy and look into tech like GOOGL and AAPL as well as AMZN… SWK is a sweet deal too for a larger dividend player
PRAYING FOR A DEPRESSION! 🙏😍 BEAR MARKET BEST MARKET
How is this news? We should be talking about the bond market. It will be the nail in the coffin. I have a feeling it was their plan all along.
SUB $500 ETH BY XMAS
He mentioned Peter Schiff… 😅
It has crashed below 18k price before so it's not new
@Graham Stephan The smashed like button and this comment are strictly for the YouTube algorithm.
You made it so much easier for me to get 5BTC. Otherwise I would have to wait at least a couple of months,from the bottom of my heart I say thank you,people like you are the what truly become aspire and help in heradicating poverty over the world.
You made it so much easier for me to get 5BTC. Otherwise I would have to wait at least a couple of months,from the bottom of my heart I say thank you,people like you are the what truly become aspire and help in heradicating poverty over the world.
Biden needs to be impeached ASAP
How do you know when the meetings take place ?
I really appreciate 🔝🔝for the way you handle the situation you gave me 8.5BTC when I invested 2.5BTC. If I was in your place I would not be able to take this I am grateful to you that you were thought at the right time just want to tell you a big heartfelt thank you sir.
I really appreciate 🔝🔝for the way you handle the situation you gave me 8.5BTC when I invested 2.5BTC. If I was in your place I would not be able to take this I am grateful to you that you were thought at the right time just want to tell you a big heartfelt thank you sir.
This guys videos would be so much better if he spoke slow enough for you to take it in without having to rewind every 12 seconds or maybe im just too drunk all the †ime
This channel is YouTube gold! He lays everything out clear and concise. No agenda, no ads/pushing products, just pure facts! We appreciate it! please tell us how to use this recession to make gains! grew my reserve of $110k to over half-a-million dollars between Dec. 2017 and Aug.2018, but the market is different now.
$50 billion Biden sent to corrupt Ukraine!
Inflation in the 4-5% range is a good thing. The government is lying about inflation. Real inflation is 15%+. Powell is going to destroy the economy if he keeps it up. Unemployment is far worse than inflation. So is deflation.
SELL SELL SELL
ahh it's that time again!
an unelected dude in a suit comes out and tells us what money is worth currently!
Here I am watching my daily video from graham, and I just now find out tonight that he was in a boxing match lol. Crazy world lol
“If people are doubting how far you can go, go so far that you can’t hear them anymore.”
$Dexa coin
Inflation is an increase in the money supply bro, not prices
I liked cause the picture of Jerome Powell
Sounds like interest rates just got back to normal
Get Peter schiff on your show. he has a different perspective
Hope you know how to sell short.
If you think the money printing has stopped then you don’t understand how the fed and deficit spending work
It is no longer a story that the world is experiencing a global economic downturn, I’m so happy that I’ve been receiving $45,000 from my $10,000 investment every 10 days.
This is a really good time to invest. Even an extra $50 saved and invested each month can grow into more than $27k in 20 years. Optimizing your income sources, savings and investing can make a very big difference in the long-term and buying stocks on sale (like we're seeing now) can also help grow that into even more.