238: FED Rate Hikes Slow the Economy
Be Wealthy & Smart · Linda P. Jones
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Show Notes
Learn what's happening in the economy with jobs and interest rates.
Looks like the jobs number came in strong enough for the FED to justify a .25% rate hike next week. Interestingly, GDP growth is down from 1.9% in Q4 to an estimated 1.2% rate this quarter. That is not a good sign. You don't want to be raising rates when GDP is slowing dramatically because higher rates slow down the economy.
See the article posted on my website at http://lindapjones.com, podcast 238.
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