Pace of Rate Hikes and Annuities
The Federal Reserve announced it’s raising interest rates by 0.75 percentage point, following its September 20-21 meeting, bumping the federal funds rate to a target range of 3.0 to 3.25 percent. With the Federal Reserve applying this type of aggressive approach when it comes to interest rates and combating inflation, it could mean good news for annuity sellers…or maybe bad. According to Mike McCarthy, vice president, distribution strategy for Prudential, in an interview with Editor John […]
