If you’ve been a listener for the past decade, we spend a lot of time covering the Federal Reserve for good reason. 11 of the last 12 recession were preceded by Fed rate hikes since they essentially determine the cost of borrowing. In today’s Big Picture segment, Jim Puplava and John Loeffler look at the pace of expected hikes, inflation data, and how this ties to the overall outlook for the US stock market and economy. In the second segment of today’s Big Picture, we look at demographics and migration, largely from the coastal states into the Midwestern corridor.
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