Interview: Financial Advisor discusses Federal Reserves
SPRINGFIELD, Mass. (WWLP) – Stocks fell broadly Monday morning on Wall Street before rebounding in the afternoon afternoon.
22News talked to Matt Farkas, Vice President and Portfolio Manager at St. Germain Investments, about some of the recent uncertainty in the Stock Market. He answers the following questions:
- Can you explain what’s been happening on Wall Street and how it might impact average Americans?
- Is it possible that the FED’s plan to raise interest rates could possibly trigger a recession?
- For those with money in the stock market, what can they expect in the coming weeks with everything that’s happening in China and with the Federal Reserve System?
- What kind of advice are you giving your clients who may be concerned about their investments?
You can view Farkas’ response in the video player above.