The Federal Reserve raised interest rates again this week, ending speculation about what its response would be to continued inflation and a slowing economy -- for now. On the one hand, inflation is still high, although the rates of growth are decelerating. On the other hand, the economy is showing signs of slowing down. 

Raising interest rates helps put a halt to inflation, but if they slow things down too much, it could lead to a recession. Many economic experts are now forecasting a recession at some point during the year. What does investing legend Warren Buffett think, and how should that affect your investment decisions?

Buffett isn't a fan of expert near-term forecasts. In fact, he calls them "worse than useless." That's pretty strong language, especially for an industry that keeps many other investors on their toes at all times. 

Continue reading

Source Fool.com