4.7 • 5.8K Ratings
🗓️ 3 November 2022
⏱️ 33 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | Today's podcast was recorded yesterday. |
0:12.1 | If you want to listen to my podcast, commercial free, the day that I record them, go to shiftradio.com |
0:18.3 | slash premium. |
0:19.3 | It only costs $5 a month. |
0:21.8 | Today's podcast is sponsored by Indeed. |
0:24.1 | A track, interview, and hire all in one place. |
0:26.7 | Don't spend countless hours looking for candidates with the right skills. |
0:30.6 | Start hiring right now at deed.com slash feeder. |
0:33.5 | Offer good for a limited time. |
0:35.0 | Terms and conditions apply. |
0:37.1 | Earlier today, the Federal Reserve delivered on market expectations for another 75 basis |
0:44.0 | point rate height. |
0:45.5 | The Fed funds rate now stands at 4%. |
0:50.1 | But what the Federal Reserve failed to deliver was on the expected softening in the Fed |
0:56.0 | stance on the future trajectory of interest rate hikes. |
1:00.4 | What I referred to in the title of a previous podcast as a soft pivot. |
1:06.3 | And I believe the Fed was forced into making that pivot because it stood on the precipice |
1:12.5 | of a bond market crash, which was in the process of happening. |
1:17.4 | And I think the only way the Fed was able to stop that slow motion crash from playing |
1:22.4 | out and accelerating was by throwing a bone of the markets and indicating through the |
1:27.2 | Wall Street Journal that there was going to be some type of statement that was going to |
1:32.0 | go along with the rate hike that we got today that would indicate that maybe there was |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Peter Schiff, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Peter Schiff and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.