Fed vs Reality: Jay Hatfield on Outdated Data, Rate Cuts, and Where to Invest Now

In this episode of Lead-Lag Live, I sit down with Jay Hatfield, CEO of Infrastructure Capital Advisors, to unpack why the Fed keeps getting it wrong—and how investors can actually benefit from the new rate-cutting cycle. From outdated shelter calculations to overlooked leading indicators, Jay explains why monetary policy needs modernization and where the next opportunities lie as markets adjust. In this episode: – Why the Fed’s reliance on lagging shelter data distorts inflation – How the monetary base drives every economic – Why small caps and financials stand to outperform in a lower-rate – The case for preferred, high-yield bonds, and MLPs as overlooked – How AI-driven energy demand is creating a hidden natural gas Lead-Lag Live brings you inside conversations with the financial thinkers who shape markets. Subscribe for interviews that go deeper than the noise. #LeadLagLive #JayHatfield #Fed #InterestRates #SmallCaps #Preferreds #MLPs #AI Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Support the show