In order to get inflation under control, and it has been persistent, the market is starting to really believe that the Fed’s going to need to push rates up quite a bit. This is just a step in the process, and the Fed’s own targets are probably lower than what the market is anticipating. The risk in doing so will help to stop inflation or put the brakes on, but it may also come at the cost of economic growth and, in fact, may lead to a recession.
For informational purposes only. Not intended as financial advice.
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Product features, rider options, and availability may vary by state. Annuities are long-term insurance contracts and are not suitable to meet short-term financial goals. Early withdrawals may be subject to surrender charges and a market value adjustment. Withdrawals are subject to ordinary income tax, and if taken prior to age 59½, a 10% IRS penalty may also apply. Guarantees are based on the claims-paying ability of the issuing company. See Product Disclosures for details.
Nassau fixed and fixed indexed annuities (18IFDAP, 18FADTCP, ICC18IFDAP/ICC18FADTCP, 19FIA, 19FIA3 et al.) are issued by Nassau Life and Annuity Company (Hartford, CT), except in New York where fixed annuities (I7IMGA) are issued by Nassau Life Insurance Company (East Greenbush, NY). In California, Nassau Life and Annuity Company does business as “Nassau Life and Annuity Insurance Company.” Nassau Life and Annuity Company is not authorized to conduct business in MA, ME and NY, but that is subject to change. Nassau Life and Annuity Company and Nassau Life Insurance Company are subsidiaries of Nassau Financial Group. The insurers are separate entities and Nassau Life Insurance Company are subsidiaries of Nassau Financial Group. The insurers are separate entities and each is responsible only for its own financial condition and contractual obligations.
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