Higher interest rates, rising fuel costs and heavy investment in artificial intelligence are creating both risks and opportunities in the economy, according to Annex Wealth Management CEO Dave Spano.
During a market preview on Point Taken, Spano discussed what the Federal Reserve’s latest decision could mean for consumers, businesses and investors. The Fed raised its target interest-rate range by a quarter percentage point on Sept. 16, bringing it to 3.75% to 4%. The central bank said inflation remains elevated and that the increase is intended to help return inflation to its 2% goal.
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