The Fed's Policy Decision, Pricing Pain for Lumber, and Wall Street's Balancing Act 03/22/23
The Fed is preparing to release its latest policy decision today, with a majority of interest rate traders betting on a quarter point hike despite the ongoing turmoil in the financial sector. NatWest Markets' Michelle Girard explains her expectations. Plus, lumber prices are well off peak-pandemic territory, but with housing supply short of demand, could we be in store for some more price pain? Sherwood Lumber CEO Kyle Little weighs in. And, top of mind for Wall Street is the Fed's balancing act between its fight against inflation and its response to the global banking crisis. The Glenview Trust Company's Bill Stone and CIC Wealth's Malcolm Ethridge discuss the impact on the markets.
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