x
Breaking News
More () »

Minneapolis St. Paul News, Weather, Traffic, Sports | Minneapolis, Minnesota | kare11.com

Local expert weighs in on recession fears

Many experts are now saying they don’t anticipate the next recession will happen this year.

GOLDEN VALLEY, Minn. — Americans have been bracing for an economic downturn for a while now, but many experts are now saying they don’t anticipate the next recession will happen this year.  

Kelly S. Olson Pedersen, founder and CEO of Caissa Wealth Strategies in Bloomington, visited our studios to provide her insights on why a recession likely won’t happen soon. She also shed a light on what people can be doing now to set themselves up for success before the economy eventually slows in the future.

Here’s Kelly’s insight on why a recession likely won’t happen soon:

  • Stocks are likely to hold up
  • Federal Reserve’s low rate policy
  • The Fed recently made rate cuts, and a recession can’t begin until those cuts are reversed
  • The Fed rates are remaining steady at a range of 1.5 to 1.75% and no change is likely through 2020

In addition, here is Kelly’s take on what people could be doing now that a recession is unlikely:

  • Don’t let greed overtake your decision making
  • Take advantage of the current situation by planning now – not waiting until a recession hits