12-11-25 Bifurcated Fed Cuts Rates - What’s Next

The Federal Reserve cut rates by a quarter point Wednesday, but the real story is the division behind the decision. For the first time since 2021, three Fed governors dissented--an uncommon break in policy unity that raises new questions about inflation progress, economic risk, and the path of monetary policy into 2026. Lance Roberts & Michael Lebowitz explain why the Fed cut now, what the dissent signals, and how a split vote may affect market volatility, yields, and expectations for future rate moves. We also look at how past dissent has aligned with turning points in policy cycles and what this could mean for portfolios as financial conditions continue to ease. Use the chapter markers below to jump to any topic. 0:00 - INTRO 0:19 - The Fed Giveth, Oracle Taketh Away 6:53 - Volatility on the Rise 11:25 - Adding Ultra for Mrs. Roberts 14:16 - Surprises from the Fed? 18:15 - Fed Statement Analysis (chart) 20:12 - Betting on Kevin Hassett 22:08 - QE or Not QE? 26:30 - Valuations are a Function of Sentiment 29:48 - When Will Markets Crash? 32:32 - The Break Between Value & Growth 35:32 - ETF Issueance & High Risk Offerings 38:52 - What Happens When Gold and Stocks Rise 41:12 - What is Your Goal for Your Portfolio? 42:52 - Coming Attractions Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Portfolio Manger, Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer ------- Watch Today's Full Video on our YouTube Channel: https://www.youtube.com/watch?v=bT1azosP1yk&list=PLVT8LcWPeAuhi47sn298HrsWYwmg8MV7d&index=1 ------- The latest installment of our new feature, Before the Bell, "Volatility After the Fed," is here: https://youtu.be/gnorFZc1qM8 ------- Articles Mentioned in Today's Show: "Bullish Case Or Bearish Backdrop" https://realinvestmentadvice.com/resources/blog/bullish-case-or-bearish-backdrop/ -------- REGISTER for our 2026 Economic Summit, "The Future of Digital Assets, Artificial Intelligence, and Investing:" https://www.eventbrite.com/e/2026-ria-economic-summit-tickets-1765951641899?aff=oddtdtcreator ------- Watch our previous show, "Live-chat Q&A Show" here: https://bit.ly/3KQlkIK -------- Get more info & commentary: https://realinvestm entadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #FederalReserve #InterestRates #MarketVolatility #NASDAQ #FederalReserve #InterestRates #FOMC #MarketOutlook #InvestingStrategy