The Fed's Hawkish Stance Threatens US Economic Growth

The Federal Reserve's plan for more interest-rate hikes, as indicated in the minutes from their recent meeting, is seen as a "silent killer" to US economic growth, according to Peter Boockvar, CIO of Bleakley Financial. Boockvar believes that the Fed will struggle to continue raising rates as cracks in the economy begin to emerge. The aggressive rate increases already implemented have had some success in curbing inflation but have also put strain on sectors such as banking and commercial real estate. Boockvar warns that the cumulative impact of these rate hikes will hinder economic growth in the coming quarters and years.