SGL Live on WGN 9 News – Interest Rate Increase
by SGL Financial
Somewhat unsurprisingly, the Federal Reserve raised interest rates again last week in its continued effort to curb inflation. WGN News asked SGL President Steve Lewit to join Ray Cortopassi to discuss the economic impact of this most recent hike.
Here’s what Steve covered Live on WGN 9 News:
- With the recent bank failures, what is the balance between raising rates and ensuring stability in the banking industry?
- What does this latest move mean for the average American?
- Will the stock market’s reaction to the news be felt more long term?