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April 18, 2022 Smart Moves for Every Scenario By Drew Simmons

If there’s a word that stands out from Chairman  Powell’s comments leading up to the Federal  Reserve’s next rate decision, it’s “expeditiously.”


That pretty much sums up the Fed’s tone, and  there’s no question what the Fed is trying to  telegraph when it comes to taming inflation — “We’re behind the eight ball.”

 

The Federal Reserve has embarked on their  most aggressive tightening cycle in more  than 20 years. The question is how much and  how long? The labor market is strong with the  unemployment rate at 3.6%, just 0.1% above  the pre-pandemic low. Also, the stubbornly low  labor force participation rate has seen a significant  surge over the past five months, increasing  0.7% to 62.4%.

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Drew Simmons
Drew Simmons Drew Simmons is the Oklahoma Regional Manager and a new addition to FHLBank Topeka’s Sales team. He has more than 20 years experience in the industry. Drew studied finance at Oklahoma City University and lives in Oklahoma City.
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