Based on how February's inflation prints have played out, investors are on the fence about which direction the Federal Reserve will lean in its next monetary policy decision. For some on Wall Street, it's believed that the Fed choosing to delay interest rate cuts to the second half of 2024 is the most likely scenario, if not later. If this is the case, how should investors frame nearterm investments for their portfolios?
Callan Family Office Investment Management Partner RaeAnn Mitrione joins Yahoo Finance to discuss the best ways investors can play a market where the Fed will keep rates higher for longer.
Mitrione puts current market conditions in perspective: "We've certainly had a strong start to the year. We're up eight percentish on the S&P [500] (^GSPC)... I wouldn't be surprised to see a little bit of rockiness, especially with what we had this week with inflation, or tech has been very extended. We've seen that broaden out some. But especially if we think rates are going to stay higher for longer, that could be a headwind for some of those shares. We're still pretty fully allocated right now as far as our equity allocations. Depending on how much of a pullback it is, we may view it as a buying opportunity..."
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