MOLINE- Every Monday on Good Morning Quad Cities, investment adviser Mark Grywacheski joins us live on the air to talk about a range of financial issues and topics.
On Monday, June 18th, Grywacheski discussed the Federal Reserve meeting and its positive forecasts for economic growth and employment, along with the possibility of a 4th rate hike.
Grywacheski discussed how the reserve raised interest rates for the second times this year, the week of Monday, June 11. The Fed has gone back and forth for months on whether inflation in the country has stabilized or not. He says interest rate hikes are good for the American economy to make sure inflation isn't rising too quickly.
"The second inherent risk is the potential impact on the economy if the Federal Reserve raises interest rates either too fast or too slow," Grywacheski said. "It can prematurely stall a very healthy economy that we're currently enjoying."
He says he's not sure whether we'll actually see a fourth interest rate hike or not, saying there's not much conviction within the reserve to keep rising inflation in check.
Your Money With Mark airs live on Good Morning Quad Cities every Monday between 5 a.m. and 5:30 a.m. To live stream our newscast from our website, click here.