The Federal Open Market Committee raised its benchmark interest rate by 0.25% yesterday.
It was the Fed’s first rate hike since 2018, and we could see six more in 2022 as the central bank aims for a 1.9% funds rate target by year’s end.
The market’s known it was coming for months. But where do we go from here?
In this week’s Investing With Charles, Research Analyst Matt Clark and I hash out a plan for the future as the central bank considers more rate increases to fight inflation.
Here are the highlights of my conversation with Matt. (Note: This video was recorded before the Fed’s announcement on Wednesday.)
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