Don't expect the Fed to save the day – it'll keep interest rates high even even if a recession crushes stocks next year, BlackRock warns

Dec 13 2022 by Business Insider

 
The Fed won't step in if there's a stock market crash next year, BlackRock Investment Institute strategists warned Monday.

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The Federal Reserve won't 'save the day' for stocks next year, a BlackRock Investment Institute team said. The US central bank isn't likely to cut interest rates in 2023 even in a recession, they warned. So investors should stay clear of equities and long-term bonds for now, the strategists said.

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