assisting families impacted
by this. Fortunately, no one
was hurt.
The Federal Reserve meets today
and many anticipate they will
increase interest rates by
another 3 quarters of a
percentage point, if not a full
point.
>> And joining us now to talk
more about it, local financial
professional Ryan Willis from
Allied Wealth to talk about
another rate increase. What it
will mean to consumers, right?
Good morning. How are you
doing?
>> I am excellent about
yourselves where great. Thanks
for being with Here we go
again. The Fed meets today.
It looks like they might raise
interest rates when you think.
>> I think it’s going to happen
that we’re looking at some 0.7, 5%. And I’ve heard rumblings
5%. And I’ve heard rumblings
to be as high as one percent.
But I do think it’s going to
happen. We have all the stimulus money. They came into
stimulus money. They came into
the economy during the COVID a
pandemic. And as result I want
to be what a lot of money to
buy this and what’s happened as
well as the supply chain has kind of shut down and shut down
kind of shut down and shut down
during that period. And so it’s
led to a reduced amount of
products and services out there
for people to buy. And when
supply demand crash like this, if you will, a price cut.
if you will, a price cut.
Well, and we’re all
experiencing it. So you couple
that with the energy policy of
the current administration, White and just a lot of things
White and just a lot of things
in the economy are kind cooking
the vents, raising these rates
to try to slow things down and
cool things down a little bit.
>> Ryan, some people think the Fed is pushing us into a
Fed is pushing us into a
recession. What’s your take
on that?
>> and that’s kind of what they
are trying to do. What you hear
comments all been in the news
about a soft landings. What they’re trying to do. He’s
they’re trying to do. He’s
bringing us to the morning of
the recession, but then kind
of when he gets that, we start
reducing rates of lowering rates and trying to speed
rates and trying to speed
things back up and get the
economy going again. It’s and
it’s just that it’s a tough
thing to do with and is a wise
one man says we shall see.
>> Yeah, I mean, it’s just one of the few ways that I guess
of the few ways that I guess
economically they can attack
back inflation.
>> Well, it is the primary
driver reducing inflation. The Fed’s mandate is to keep
The Fed’s mandate is to keep
inflation around 2 and a half
percent. And with the CBI backs
and 9-1-1, in still climbing. And what they have to do is
And what they have to do is
cool things down. So there are
a long way off from their core
inflation rate of about 2 and
a half percent. And they’re
working diligently to get us
there. So to do that, their main driver remain to either in
main driver remain to either in
their tool box. So to speak is
to be able raise rates. And
that’s exactly what they’re
attempting to do.
>> Ryan, some are choosing to
sell stocks now to minimize losses. Would you recommend
losses. Would you recommend
that strategy?
>> Well, I you know, I never
want to sell stocks in a loss,
right? Because how do you make
money in the stock market? Will you do you buy low and
Will you do you buy low and
sell high? So you’re thinking
about selling now after the
market and turn down is already
come with the word out about
20% year to date. You’re
probably a little bit too late to do that. So I would tell you
to do that. So I would tell you
probably hold on, don’t panic.
This, too, shall pass and don’t
make any rash decisions about
your portfolio with Pat. Have you out of this? You can
Have you out of this? You can
rebalance and things to do
better in an
inflationary environment such
as large cap stocks. Big
companies do typically, well,
you’re going to place your environment. Real estate stocks
environment. Real estate stocks
could actually do well and then
placed your environment and
also things like commodities and gold on us were thinking
and gold on us were thinking
help reporter who helped buoy
>> looking at this from a
global perspective we’re
experiencing obviously
inflation growing here. It’s
very high in the United States.
Interest rates are going up. How does that impact the I
How does that impact the I
guess the global economy or
maybe it’s the flip when we
look at other countries, are
they feeling the same impacts? We are?
We are?
>> Well, look at the all rise
to give the oil price directly
impacts everybody, right?
There’s no escaping it because
every product that we consume got to us in some type of
got to us in some type of
capacity using oil, for
instance, you know, ships stop
and board to stop and think,
you know, its importance onto a
truck and ships to the region to oil back and right there
to oil back and right there
that are impacting the global
economy. And so everybody is
going to remain. It will
continue to quite some time.
It will take about 2 to 3 years for something, pushed the
for something, pushed the
economy and slow things down.
And, you know, again, know what
he’s talking about, the inner
belt, really the room and that
the supply chain. And that’s
impacting folks all around the
world as well. >> What about folks who are
>> What about folks who are
ready to retire? Is this a good
time to make that leap or what
are you seeing with your
clients?
>> And you’re ready to retire and you’ve got a good solid
and you’ve got a good solid
plan. And you had that plan
testing for runaway inflation,
which you should be, by the
way, folks and your plans to as
a long-term law bill, just
excess of 85% or better.
I say, go for gold. You’re
going years. There’s one thing
you never get back in that your
time. So if you’re ready to do
to make your job optional and
that’s where you are going to
go into yourself and make sure
you stress tested your
retirement plan for things like
inflation, runaway inflation
and also more to turn down the
well. And that’s something we do for our clients and
do for our clients and
prospective points. Allen.
Well, all that and is that a
great thing to have because
you watch the world and tired,
spend money and confidence.
>> Yeah. You don’t want to
inflation sneaking up on your
point when you can earn any
more money. And that’s what
it’s always great over
fashionable. You know what that
guesswork?
>> Yeah. Don’t use the bank of
matters. As we say, don’t get to turn and that’s been losing
to turn and that’s been losing
money to inflation. Want to
sleep at night.
>> All right. Just get lower
and lower. Nobody wants.
That’s why we. That’s why we
all love to chat with you.
Mister Ryan Willis, really appreciate your time once again