The Federal Open Market Committee added a couple of interesting phrases to its policy statement announcing a fourth consecutive 75-basis-point interest-rate increase, noting that it will take into account time lags and the impact of cumulative tightening during future meetings. In his post-FOMC-meeting press conference, Fed Chair Jerome Powell emphasized the centrality of price stability to sustained economic growth, acknowledged data indicating the U.S. economy is slowing, and noted the continuing strength of a still “out-of-balance” labor market. George Goncalves, the head of U.S. macro strategy at MUFG, joins Maggie Lake for today’s Daily Briefing to talk about whether the FOMC statement was neutral, hawkish, or dovish, overall liquidity heading into the end of the year, and why we need to keep an eye on overseas markets. We also hear from Jesse Felder, the author of The Felder Report, about why we face a period of elevated inflation and what investments will work in such an environment. Watch the full interview between Jesse Felder and Maggie Lake here: https://www.realvision.com/shows/make-or-break-inflation/videos/there-wont-be-a-crash-but-drpj?tab=details. And we want to hear from you too – please share your questions, comments, and suggestions! Editor’s Note: Our live chat feature will be unavailable for four to six weeks as we upgrade our video player technology. We apologize for the temporary loss of function. But we assure you the upgrade will more than justify the wait. In the meantime, we will be monitoring the comments section. So, in addition to conversing with your fellow community members, please share your questions there.