Our Economy and The Feds

Federal Reserve executives are saying our economy is strong.  We asked Luke Patterson of STA Wealth Management if he agrees. 

Consumer confidence is at an all-time high. People are optimistic about the future of the US economy. Tax policy is also seen as something as possible favorable for economic growth.

But with a strong economy, could higher interest rates be far behind? 

“With the economy growing fairly well, low unemployment, high earnings, inflation around 2%, you can expect the Federal Reserve to raise interest rates.”

Patterson concluded that higher interest rates will mean money will just become more expensive.

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