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Podcast: The Dividend Cafe
Episode: The DC Today - Tuesday February 7, 2023
Description: Lots of chatter from Fed Governors these days with Kashkari saying we need higher rates for longer, Bostic in Atlanta saying January’s jobs report speaks to another rate hike (which was already priced in), but now today Jerome Powell basically reaffirming his message of last week, which is one of an imminent pause. Right now, we see a 91% chance of a quarter-point hike at the next meeting and a 70% chance of one more quarter-point hike after that.
Dow: +266 points (+0.78%)
S&P: +1.29%
Nasdaq: +1.90%
10-Year Treasury Yield: 3.68% (+5 basis points)
Top-performing sector: Energy (+3.08%)
Bottom-performing sector: Consumer Staples (-0.36%)
WTI Cr...