Welcome to the special Fed edition of Seeking Alpha's Wall Street breakfast

podcast. I'm your host Kim Kahn. With me is Kranz Reggel. He's the

Investing Group leader of Fed Trader on Seeking Alpha and founder of Elizar Advisors.

Thanks for joining us.

Great, great to be here.

Thank you, Kim.

So let's just look by the numbers at the Fed decision today.

No move, as expected, still five and a quarter range. In the dot plot, there were two hikes

penciled in for year end going up to 5.6% for 5.1%. Also in the dots, they had higher GDP, lower unemployment, and higher inflation, a lot to

unpack there. So what's your initial thoughts?

I said to subscribers that there's what the what Powell needs to do and what he's probably

gonna do. What he needs to do is be much more aggressive, but what he's probably gonna do

is not be so aggressive and two measly hikes in an

environment where core inflation is staying very high and stubborn and

inflation expectations are rising and they're ignoring that,

focused on for decades.

They're going very easy on inflation, which is bullish.

If they let inflation run, which I think this move today is letting inflation

run, then it's a bullish story for the market because inflation is prices and the stock market is prices and you know prices go up.

So you would have liked to see even a move today you think? No no I'm not

telling the Fed what to do I'm just telling them if they want to reduce inflation

today's move and today's guidance did not you know scare inflation lower.

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