Retirement Lifestyle Advocates, Released on 12/19/21

Inflation is now running at three and a half times higher than the Fed’s target rate of 2 percent. The Fed is clearly worried about this, and now appears poised to announce a doubling of the tapering at next week’s FOMC meeting in an effort to get the table set for interest rate hikes and normalization. On this week’s Retirement Lifestyle Advocates radio show your host Dennis Tubbergen talks with guest Michael Pento about the repercussions the Fed’s tapering action is likely to have on the markets. Listen in to hear Mr. Pento’s predictions for the markets in the coming year.

Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the NYSE. He is the author of The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market.

  federal reserve, inflation, interest rates, markets, stock market, tapering