Fed Approves Record Rate Hike
As I've been telling you all, the Federal Reserve is going to continue to increase rates this year and boy did they ever last week. They had the highest interest rate hike that they've had in over 28 years of 0.75%. They did this because of a consumer price index and inflation numbers that they saw just a couple of weeks ago.
After the Fed made this announcement on Wednesday, interest rates actually started to decrease from the high. The high actually got on Monday and Tuesday as high as in the mid 6% ranges but after Wednesday and then by the end of the week, they started to come down into the high 5%. The reason for that is the market already priced in that rate increase and they also priced in a little bit of…
618 Views, 0 Comments