Welcome to 2 Question Tuesday. This week’s client submitted questions were:

1. When will we see higher rates paid in money market accounts?
2. What should we do if we’re already in a recession?

Phil, Mike, and Larry provide their opinion on when banks will start to increase their rate of deposits in the midst of the Fed rate hiking cycle. They then provide some insight into their call from May 3rd that the US economy is already in a recession and how to navigate this volatility.

Submit your questions to question@2questiontuesday.com

As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.