The Federal Reserve met today and increased rates by 0.75%. After a volatile trading session, stocks finished down almost 2%. When might the Fed be done raising rates?
fed funds rate
After reducing rates from 2.5% in 2019 to zero at the onset of the pandemic, the Federal Reserve has hiked rates by 0.25%. What does this mean and what should we be watching?
This may be the most important few weeks since the 2008 financial crisis. We review the sanctions against Russia, look at the S&P 500, and discuss the Fed’s likely path forward.