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Will Rate Hikes Cause a Recession? Here’s How to Prepare

The Fed just raised interest rates by the most in 22 years. Financial planners say consumers should be mindful of the risks associated with tighter monetary policy.

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Powell: Fed Not Actively Considering 75-Basis-Point Hike

The U.S. Federal Reserve just raised interest rates by the most in 22 years, prompting fears that a recession is around the corner.

The goal is to tame roaring inflation, but many have expressed doubt that the Fed will manage to orchestrate a so-called “soft landing” — lowering prices without damaging the economy.  As those questions swirl, financial advisers say it’s a good time to prepare for a possible financial downturn.