2 Question Tuesday – 07/04/2023 – How Will Student Loan Decision Affect The Economy & Is Inflation Slowing With Potential For More Rate Hikes?
Welcome to 2 Question Tuesday. This week’s client submitted questions were:
- How will the Supreme Court’s student loan decision affect the economy?
- Is inflation slowing and will there be more rate hikes?
Phil, Mike, and Larry discuss how the Supreme Court’s ruling against President Biden’s plan to slash student debt will take a significant chunk of cash out of the economy and how this will affect the markets? They then address the slow down in consumer spending, how central banks feel that inflation remains too high, and the possibility of more rate hikes.
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.