Dan Celia: Predictions on 2020 Begin—All About the Federal Reserve?
December 13, 2019
PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia said today that predictions about 2020 are already coming in, and the Federal Reserve’s action—or inaction—will play a significant role.
“The U.S. economy will gather speed next year along with wages, but some are concerned it won’t be enough to move the Federal Reserve out of its newly announced neutral stance,” Celia said. “As the Fed remains in neutral, the need for the Fed to do more should also stay in neutral. Next year will be about growth, sentiment, trade, wages, workforce, inflation, geo-political events and the election. Like it or not, all of that will drive 2020, and the Fed needs to stay in neutral, assuming these things don’t fall apart. But more and more traders, analysts and economists are like deer in the headlights—2020 will be fine until November 4, when things will get very good or crash. There won’t be any in between.”
Celia discusses these and other global and economic headlines on his daily, three-hour “Financial Issues” program, heard on more than 660 radio stations and several television networks nationwide.
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