#Moneymoney rate series#

Investors are awaiting the Fed's hints about its plans following Wednesday's hike, with many expecting that the central bank will ease up on the size of its rate increases later this year, experts note.

#Moneymoney rate series#

The stock market has taken a beating this year amid the impact of high inflation and the Fed's series of rate hikes. How another big hike could impact the stock market 'They aren't stopping anytime soon, but I don't think we'll remain in 5th gear for all that long,' Schulz noted.

Currently, economists are pegging a 0.5 percentage-point increase in September, followed by two 0.25 percentage-point hikes in the last two Fed meetings of the year, according to Factset. So far, the Fed's four hikes in 2022 have increased rates by a combined 2.25 percentage points - which means consumers are now paying an extra $225 in interest on every $10,000 in debt.Įconomists expect the Federal Reserve to continue with its regime of rate hikes, but the question is whether the increases will more moderate. Yet there are signs the Fed's actions are impacting demand, with home sales dropping amid a spike in mortgage rates and some consumers holding off on major purchases. Today's hike marks the fourth rate increase this year, though inflation still hit a fresh record in June, with prices jumping 9.1%. The Fed hasn't hiked rates by a combined 1.5% percentage points in consecutive meetings since as far back as the 1980s. To be sure, the Fed has raised rates in consecutive months before, but two 0.75 percentage-point hikes in a row 'is pretty extraordinary,' noted Matt Schulz, chief credit analyst at Lending Tree. But the central bank's move Wednesday to further raise borrowing costs means consumers and businesses are grappling with back-to-back increases of three-quarters of percentage point - a double-barrel monetary blast that could make a big impact on your finances. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.The Federal Reserve is again using its most potent weapon in trying to douse the hottest inflation in 40 years: interest rate hikes. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our goal is to give you the best advice to help you make smart personal finance decisions. Editorial Independenceīankrate’s editorial team writes on behalf of YOU – the reader. Our editorial team does not receive direct compensation from our advertisers. We maintain a firewall between our advertisers and our editorial team.

Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens.

Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. What to do when you lose your 401(k) matchīankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Should you accept an early retirement offer? How much should you contribute to your 401(k)?