Fed says smaller rate hikes could start in December as they warn that the chance of recession next year is now 50%. At the same time Powell says that rates will rise more and remain high ‘for some time. In addition Pending Home Sales Decline for 5th Straight Month by 4.6% in October while House prices drop for 3rd straight month. Should you buy now or wait for a housing crash? When will the FED pivot with interest rates? In this video, we discuss what the FED is saying about the potential recession along with their new plan going forward into 2023.
