Fed Won't Pivot Next Year, Marathon CEO Richards Says

The video discusses the Federal Reserve's strategy on interest rates amid inflation concerns, predicting a halt at 4.5% without a pivot to rate cuts. It highlights the impact of rising mortgage rates on the housing market and anticipates a recession with declining corporate earnings in 2023.

What is the expected peak interest rate the Fed will reach according to the speaker?

• 3.5%

• 6.5%

• 5.5%

• 4.5%

Why does the speaker believe the Fed will not pivot next year?

• Due to political pressure

• Because inflation will remain sticky around 4-5%

• Due to a strong economic recovery

• Because inflation will drop to 2%

What does the speaker suggest about the market's expectations regarding the Fed's actions?

• The market expects the Fed to pivot

• The market expects a decrease in interest rates

• The market expects a significant increase in inflation

• The market expects a stable economy

How have mortgage rates changed according to the speaker?

• From 5% to 8%

• From 4% to 6%

• From 3% to 7%

• From 2% to 5%

What is the speaker's prediction for corporate earnings in 2023?

• An increase of 10%

• No change

• A decline of about 5%

• An increase of 8%