The Fed believes 50 basis points rate hikes are appropriate for each of the next two meetings, with rate hikes above 50 basis points are essentially off the table, says Kevin Mahn. He thinks they may only raise by 25 bps in September. He thinks the market wants the Fed to combat inflation because we have a consumer-driven economy. Tune in for the full discussion with Oliver on the TDAmeritrade Network.

Click here to watch the video on the TDAmeritrade Network.

Disclosure: Hennion & Walsh Asset Management currently has allocations within its managed money program, and Hennion & Walsh currently has allocations within certain SmartTrust® Unit Investment Trusts (UITs), consistent with several of the investment areas discussed during this interview.