Peter Cardillo From Spartan Capital Securities Weighs In On FED’s Rate Hikes In 2022

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Peter Cardillo From Spartan Capital Securities Weighs In On FED’s Rate Hikes In 2022

Peter Cardillo, Chief Market Economist from Spartan Capital Securities joins ET Now to weigh in on the US central agency, FED’s announcement of three rate hikes in 2022. The announcement has been met with relief on wall street with stocks rising steadily. Cardillo gives his opinion on the need for three rate hikes and the subsequent effects of the announcement on the market. He says that this signals that the ‘FED knows that it was wrong about inflation and now they are taking action to combat it.’ He adds that the move is ‘good news for the market.’ Keep watching to know more!