Could more interest rate hikes do more harm than good?

Phil Palumbo of Palumbo Wealth Management explains why he believes the Federal Reserve should be cautious about continuing to raise rates.

With economic growth, employment, government debt, and inflation all in the equation, Phil argues that an aggressive hiking cycle could create unnecessary pressure on the economy.

His outlook? A short rate-hiking cycle, followed by a wait-and-see approach.

Is the Fed making the right call?

 

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