5 Minutes with Scott Colbert - 3/17

In this segment of Five Minutes With Commerce Trust Company Chief Economist Scott Colbert, Scott dives into some pressing client portfolio questions, offering up much needed insight to the complex factors that will drive Federal Reserve policy on interest rate hikes slated for the balance of 2022.  Despite the global economic headwinds of the Russian-Ukraine war, Scott believes the Fed is back to the idea of seven interest rate hikes this year with a bias toward the high side to fight back U.S. inflation.  In addition, look for Quantitative Easing monetary policy to be reversed in May as the Fed doubles-down on its effort to corral inflation.  While U.S. growth forecasts have been pulled back, Scott believes modest growth is still attainable and chances for a recession this year so far are minimal.

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