Oxbow Advisors managing partner Ted Oakley discusses the Federal Reserve’s half-point rate hike.
They are raising into really what is a slowing economy. We're starting to see a lot of changes. The rate of change is changing on a number of things. So maybe they stay that aggressive the rest of the year.
But we sort of doubt it, because we're slowly, but now becoming faster on seeing a lot of numbers that are starting to slow down. So we'll see how it goes. But I think, as usual, they're looking backwards, so we'll find out.
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