Central Banks
Strategist Gartman Sees No Fed Policy Pivot for 12 Months
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The history of the Federal Reserve tells us the central bank is unlikely to stop or reverse its rate-hike regime until late next year at the earliest, says market strategist Dennis Gartman.
“Once the Fed begins to change its policies, it moves rates farther and lasts longer than anybody ever wants to anticipate,” the former publisher of The Gartman Letter told Bloomberg Radio on Wednesday. “It’s gonna be at least until late in 2023, maybe 2024 before the long-awaited pivot occurs.”