The Federal Reserve raised rates again, but there may be some solace soon

Leases & LoansMoney MattersInflation
Written By Jennifer Joslyn
A character from South Park petting a seal and saying, "We're Sorry."

Sorry Comedy Central GIF By South Park vis GIPHY

💸 The Federal Reserve raised rates again, but there may be some solace soon.

After hiking its benchmark interest rate by three-quarters of a point for the fourth time in a row, The Federal Reserve suggested that the next time this happens, it will be more deliberate in its rate hikes instead of taking “the standard” amount. Now sitting at its highest level in fifteen years, this was the sixth interest rate hike in 2022 alone. Mortgages and business loans are now astronomically expensive, but the persistence of inflated prices is keeping the Fed on track. Many expect that the December rate hike will only be for half a point instead of three-fourths.

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What does this mean for you?

Dear Federal Reserve… please be gentle!
Dear Federal Reserve… please be gentle!

The job market has been cooling off and inflation seems to be on the decline, signaling that the Federal Reserve may be less inclined to raise interest rates again and again, mirroring the increases of 2022.

Jennifer Joslyn
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