Recession and The FED

“We’ve asked the regions top wealth managers to respond to two questions.”

1. “If the current economic expansion lasts past July, it will be the longest in U.S. history. When do you expect the U.S. economy to enter into a recession?”

2. “After raising interest rates steadily for more than a year, the Federal Reserve suddenly made a dramatic U-turn, and equity markets responded favorably. Is the Fed making a mistake by pausing in its tightening efforts?”