The Federal Reserve’s been raising rates all year, including this week, and they’ve signaled they’re not done yet.
Rising rates act as a brake on the economy, slowing it down in order to tame rising prices, otherwise known as inflation.
But there’s a problem with slowing the economy. Slow it too much and it could slide into reverse — in other words, a recession.
We’re already dealing with rising rates and a roller-coaster stock market. But preparing for a potential recession is a whole other ballgame.
In this week’s Money Talks News podcast, we’re going to talk about how to do it.
Article by MoneyTalksNews
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