Higher for longer. That's what the Fed signaled in their recent FOMC meeting.
That means more pain for businesses. Can the economy withstand such prolonged high-interest rates? And when it can't, there will be a number of layoffs as companies close down or right-size their budget in order to survive. We hope never to be in such a position...but there is no guarantee. The most defensive way is to prepare for it....prepare for the day when we lose our job. How? Here's your answer.