Consumers Are Dipping Into Personal Savings More & More

It's possible that the Fed may pause rate hikes sometime by the end of the first half of 2023, says Kevin Mahn. He discusses what we learned from the Fed's 50 BPS rate hike. He notes that the pause will allow the Fed to assess the overall economic impact of all the hikes. He talks about how consumers appear to be putting more on their credit cards and dipping into personal savings. He then goes over how to identify potential stock opportunities. Tune in to find out more about the stock market today.