Matt Nadeau, CFA and wealth advisor, is included in Doug Bailey’s InsuranceNewsNet article about The Federal Reserve announcing the largest rate jump since 1994. Nadeau explains how inflation is starting to destroy corporate earnings and depress consumer spending. “Put simply, inflation now is becoming a bigger problem than the rate hikes themselves, and the Fed had to at least show that they were going to take a strong stand in the fight against inflation. We believe the Fed is playing catch-up and the actions they are taking now may not be enough in the short-term to help avoid a recession,” says Nadeau
