Market expert: Brace for 'very difficult economic environment ahead'

Federated Hermes senior portfolio manager Steve Chiavarone says the market is still 'grasping' at dealing with higher rates.

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

[GD-tnez]

When you send 57 billion taxpayer dollars to the country that does your money laundering you tend to have financial problems.

[amir_fahmi]

$57 billion for Ukraine while we're struggling with record high inflation 🎖️👏

[demioncraige]

<Every financial goal requires patience, dedication and consistent spirit knowing that investment is currently the most lucrative business in the world, BTC is positively changing people's lives. I stopped panicking about my BTC the very moment i started working with Fadwa Robertson last year, his confidence and skills is on a maximum level...

[KingDavid-jjtk]

This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!

[scotimotti]

When money was tight we used to be able to survive on bologna, hot dogs, bread, peanut butter. Ramen.
Yeah not anymore.

[mateosmithy]

A year ago: The economy is doing just fine, they said.

Today: The economy will be doing better, soon.

Me: BS.

Everything is still going up in price and the only logical response to this is a higher CPI (inflation). They can play with the numbers all they want, but this Recession has only just begun.

[bobbygunz]

It feels like if people don't see growth in a week or a month they throw a tantrum sell out then proceed to call the market a fraud, lol. Forgetting It's always the hard times that show us how to be better investors for the long term ; understand and know the path needed and stay committed to the craft. Be smart don't let fear stop you from making money

[TheWarmotor]

We'll see what it looks like when the food riots start...

[johnmayer]

Just came back from the grocery store, canned goods have doubled in price here over the last 3-4 months. These elites are out of touch of what is really happening to us lower to middle income families.

[terrybrown]

2 small bags of groceries over 80.00, I see a severe crash coming soon.

[hymansahak]

Depression is coming. So obvious a child can see it.

[_Diggler]

Got my camping gear together. Prepping for my future home in my van down by the river.

[waynebanas]

Don't know what's holding this market up but I know from what I see it's gonna be very very bad.

[jameskirk]

Brace for an investigation on Hunters Felony purchase and dispatch of a firearm soon. Lets go Brandon! Roll Tide!!!

[damoon]

I guess that's the one good thing about being poor! You can't lose what you don't have and tightening the belt is more of a way of life as opposed to an adjustment!

[peaceagain]

Heating oil went up to 435 from 429 in pa.

[mattbarker]

I wonder if these financial experts have enough supplies to make it through their purge ?

[chrismaddox]

You have no one but democrats to blame

[muskcoder]

Diesel and heating oil shortages increase on East Coast.
According to the U.S. Department of Energy, diesel fuel and heating oil stocks have decreased by 63% compared to the five-year average in New England and by 58% between Maryland to New York. According to the Energy Information Administration, the entirety of the East Coast diesel/heating fuels have decreased by 47% compared to the seasonal average. 24% to 60% of East Coast homes use heating oil as their primary fuel source for interior heating. A hurricane, increased cold temperatures, price hikes, and extended supply shortages; could cause general disruptions nationwide and severe disruptions for the New England area. The Biden Administration is continuing to release 1 million barrels of fuel per day leading up to near the midterms IOT to keep fuel prices lower. According to the Energy Information Administration (EIA) in July, our current emergency reserves only provide 25 days.

[jophoenix]

Maria, Thank you for brng a study thought provoking show!!