Providence Financial and Insurance Services

The Federal Reserve approved another interest rate hike, this time raising rates half a percentage point. Anthony Saccaro, President of Providence Financial and Insurance Services, joined OAN’s Alicia Summers with what this could do for inflation and fears of a recession.

The markets have been volatile after the Feds increased interest rates by 0.25 percent to try and curb inflation. It appears more increases are on the way. The two major concerns right now for the market are inflation and Russia’s invasion of Ukraine.