Kevin Mahn Doesn't See Point in Fed's Rate Hike: "Is 2% Really the Goal" for Inflation?

By Schwab Network

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Kevin Mahn makes the case that the Fed's 25 bps interest rate hike won't do anything to help its inflation goals due to how heavily weighted energy is in the uptick. He poses the question: "is 2% really the goal" for inflation? Crude oil moving below $90 Tuesday morning is something Kevin sees as a "glimmer of hope" but warns that the move is similar to a head fake markets saw just a couple months prior. He then discusses his top defense stock picks in Lockheed Martin (LMT), RTX Corp. (RTX), and Moog (MOG/A). ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfre