As interest rates continue to teeter without a clear sense of direction, financial experts are bracing for a year of uncertainty– and resilience. Chris Gavin, CEO of 1870’s Holding Company, describes the current economic environment as “very turbulent,” pointing to mixed signals in the broader market sentiment.
“It’s hard to gauge day to day what’s going to happen, but I think we’re sensing on the interest rate side no real sense of direction,” shares Gavin. “Some people are in a camp that rates are going to go higher, some people are in the camp that the Fed will continue to decrease rates a little bit this year. So I would say that half percent down or half percent up is probably the range that we’re possibly looking at for this year.”
