Federal Reserve FOMC Meeting: Anticipated Interest Rate Hike and Implications for the Economy”.

Can you believe it is the fifth month of the year already? The Fed FOMC meeting is today and tomorrow. Bets are on for a quarter percent interest rate hike. After that chances are good that we get into a holding period where interest rates will remain stable. Inflation is down again by 1% from last month and is now at 5%. This is around the target rate the Fed was trying to get to. And in more bad news is good news, the job growth rate has cooled down as well, allaying fears of an overheating economy and leading to an expectation that there won’t be any more major rate hikes. But as with all things Fed, we will wait and see.
Graph: Fed rate hikes 2022-2023

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