Kevin Mahn: What Happens if the Fed Raises Rates Again?

We’re finally about to experience economic slowdown as interest rates finally catch up to us, says Kevin Mahn. He thinks the Fed will have to start talking about cutting rates next year. He adds that if the Fed bumps up interest rates by even 25 bps it could push the U.S. into recession. Kevin says that is the U.S. consumer has to begin servicing their debt rather than spending, the economy will have to slow.

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Disclosure: 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 several of the investment areas discussed during this interview.