Another Rate Hike Could Trigger Recession

Kevin Mahn, President and Chief Investment Officer at Hennion & Walsh Asset Management, says that just one more rate hike from the Federal Reserve going into 2024 could put pressure on the U.S consumer and “push the economy into a recessionary period.”

Click here to watch the complete discussion on Reuters.

Hennion & Walsh Asset Management currently has allocations within its managed money program and Hennion & Walsh currently has allocations within certain SmartTrust® Unit Investment Trusts (UITs) consistent with the several of the portfolio management ideas and/or companies discussed.