Mar 13, 2023
Summary:
As the Fed prepares to raise interest rates at least 50 points
higher, everyone is wondering what lies in store for housing, the
economy, and our portfolios. Here to discuss this is Anthony
Saccaro, financial expert and founder of Providence Financial &
Insurance Services. The plan to continually hike up interest rates
is designed to lower inflation to 2% or 3%, but this will
inevitably fuel a recession. The length and depth of this recession
ultimately depends on how much longer the battle for inflation
goes, and low unemployment seems to be keeping inflation high.
Tough times ahead imply that it is essential to reconsider
investing strategies, and Anthony assures us that we can count on
interest and dividends for now. Tune in for more information on
what’s to come.
Useful Links:
Financial Survival Network
Anthony Saccaro