Adrian Day: Fed Is Not Done Hiking Rates, Will Push Households To ‘The Brink’

The David Lin Report, Released on 6/15/23

Adrian Day, CEO of Adrian Day Asset Management, discusses the impact of more rate hikes, which the Federal Reserve signalled at the latest FOMC meeting, on the economy.

0:00 – Market reaction to FOMC
2:25 – Fed “skipped” rate hike
6:40 – More rate hikes coming
10:47 – The Fed’s mistakes
12:25 – Impact of rate hikes
15:00 – Household wealth erosion
19:27 – Labor market
23:30 – Fed Economic Projections
27:51 – Outlook on markets
30:29 – Gold vs miners
35:00 – Downward pressure on the dollar
38:00 – Inflation
38:54 – Stock market

Adrian Day is the president of Adrian Day Asset Management. Mr. Day spent many years as a financial investment writer, where he gained a large following for his expertise in searching out unusual investment opportunities around the world. He has also authored two books on the subject of global investing: International Investment Opportunities: How and Where to Invest Overseas Successfully and Investing Without Borders. His latest book, widely praised by readers, is Investing in Resources: How to Profit from the Outsized Potential and Avoid the Risks (Wiley, 2010). Mr. Day is a recognized authority in both global and resource investing. He is frequently interviewed by the press, domestically and abroad. He is a popular speaker and frequently invited to lecture at financial conferences and seminars around the world. His pleasures include fine dining, reading (especially history), and the opera.

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