The Market Disconnect, Debt Dilemma, and Housing Headwinds 2/1/23

We’re just an hour away from the Fed’s latest rate decision, with some big implications for your money. Markets are already gearing up for a pause or pivot later in the year, and yet the Fed remains hawkish. We’ll explore why that divide could grow even wider. Plus, all of the Fed’s rate hikes have pushed credit card rates to record highs. One industry watcher expects them to top 20% after today. And now the White House is trying to cut consumers a break. We’ll bring you the latest details. And, mortgage demand continues to plunge, and yet homebuilder stocks are actually holding up quite well. What might happen after today’s expected rate hike? We’ll debate.