Recessions are Transitory - Anthony Saccaro #5749

Financial Survival Network · Mar 13, 2023 · 20m

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…