Date: 2023-06-14T19:56:45Z Creator: Bitfolio Academy
After ten consecutive interest rate hikes, the Federal Reserve has finally taken a break! In the last year, the Fed surged rates from 0% to a fiery 5%. Unfortunately, today’s pause is not generating much enthusiasm – the S&P500 and DOW are both down.
However, despite the lull in inflation fighting, the Fed mentioned they expected to raise rates another ½% before the end of the year. That means the temperature could soar back up in the fall and winter.
Some economists even suggest that the Fed could start cutting rates before the end of the year, that is, if the US economy is hit hard by a recession.
Let’s hope the American economy will experience a cushioned fall, with inflation diminishing in the upcoming months. That way, interest rates can stay chill for the near future.
Let me know in the comments. 🤔
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