The Federal Reserve is raising interest rates into a ‘slowing economy,' says expert

05/05/2022 Economy

FILE PHOTO: Federal appeals court judges L-R: Raymond Kethledge, Brett Kavanaugh, Amy Coney Barrett, and Thomas Hardiman, being considered by President Donald Trump for the U.S. Supreme Court, are seen in this combination photo from files. REUTERS/File Photos

Federal Reserve raising rates into a ‘slowing economy’: Expert

Oxbow Advisors managing partner Ted Oakley discusses the Federal Reserve’s half-point rate hike.

During an interview on "Mornings with Maria" Oxbow Advisors managing partner Ted Oakley said the Federal Reserve is raising interest rates into a "slowing economy," and that it is unlikely they stay this aggressive for the rest of the year.

FED'S POWELL CALMS RECESSION JITTERS WITH REBUFF OF 75-BASIS POINT RATE HIKE

The Federal Reserve raised interest rates by 50 basis points on Wednesday (AP Photo/Jacquelyn Martin, File / Associated Press)

TED OAKLEY: They are raising into really what is a slowing economy. We're starting to see a lot of changes. The rate of change is changing on a number of things. So maybe they stay that aggressive the rest of the year. But we sort of doubt it, because we're slowly, but now becoming faster on seeing a lot of numbers that are starting to slow down. So we'll see how it goes. But I think, as usual, they're looking backwards, so we'll find out.

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Fed announces first half-point rate hike in 22 years

Oxbow Advisors managing partner Ted Oakley weighs in on the Federal Reserve’s interest rate hike.

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