Latest News

Markets’ high-octane boost if Fed Chair Powell signals rate rise step down


November 30, 2022 ( Newswire) “Markets will be given a high-octane boost should the Federal Reserve chair support expectations that it will begin to step down from its interest rate hike agenda in December,” predicts Nigel Green, CEO of deVere Group.

The chief executive of deVere, one of the world’s largest independent financial advisory, asset management and fintech organisations, is speaking ahead of Jerome Powell’s speech at the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institute on Wednesday afternoon.

He says: “Investors are now less worried about the end of this year. They’re already planning their positions for 2023 and, as such, looking for clues as to whether the world’s most influential central bank will begin to wind down its program of aggressive interest rate hikes.

“In his speech, we expect Powell will signal that rate hikes will continue into next year, but that they are working in slowing runaway inflation.

“We believe he will say that consumer spending has slowed, the property market is cooler, and business investment has fallen, but that the labor market is still very tight.

“He is also likely to mention the months of lag-time before the full effect of rate hikes work their way fully into the economy.”

In March 2022, the Fed raised its benchmark rate by 25 basis points, to the range of 0.25% to 0.50%. The rate hike marked the first time since 2018 that the Fed has increased rates.

Since then, the central bank has pushed rates higher at every meeting. In September, with inflation still running hot, the Federal Reserve increased the target for the federal funds rate by another 0.75% to a range of 3% – 3.25%.

The deVere CEO continues: “We anticipate Powell will reinforce expectations of a shift to a 50-basis-point rate hike on Wednesday.”

He concludes: “The Fed will not want to over-excite the markets, therefore he will still sound pretty hawkish, but any indication of stepping down on rate hikes, which we expect, will fuel markets.”

t: +44 207 1220 925
Twitter: @PriorConsults

deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients. It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.

More Info:

This news is published on the Newswire – a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: Learn more about publishing your news release and our other news services on the newswire and

Global investors must adhere to regulations of each country. Please read privacy policy:

Thai Central Bank Lifts Rate By 25 Bps

Previous article

*Portugal Q3 GDP Up Unrev 0.4% On Quarter Vs. 0.1% In Q2

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News