Investors don't believe Fed will keep rates high for long

Chuck Zodda and Mike Armstrong react to the rate hike by the Federal Reserve yesterday and Chairman Powell's comments. Investors seem to be skeptical of the Fed's position on inflation right now. January has been volatile, will 2023 ease up at any point? Meta reported improving conditions and would buy back $40B in shares. Shell posts record profits, $41.6B, and joins the other oil giants breaking records.