Kevin Warsh’s Expected Rate Hike Is a Warning to Retirees That the Fed Won’t Rescue Stocks

Traders put the odds of a December 9 rate increase at about 78% after Friday's jobs report, with the S&P 500 still 5.6% below its October high. The Fed has raised rates into a falling market 14 times since 2000. Here is what happened each time, what 2022 did to a retired couple with $1,800,000 in stocks, bonds and cash, and the plan that does not need a rescue from the Fed.