If Fed Raises Rates Again It Could Cause Recession

We're finally about to experience economic slowdown as interest rates finally catch up to us, says Kevin Mahn. He thinks the Fed will have to start talking about cutting rates next year. He adds that if the Fed bumps up interest rates by even 25 bps it could push the U.S. into recession. Kevin says that is the U.S. consumer has to begin servicing their debt rather than spending, the economy will have to slow. The FOMC minutes are released at 2:00PM ET today.