Interest Rates, Inflation, and Investment Strategy Part 1: Understanding Interest Rates
Submitted by Desmond Wealth Management, Inc. on April 22nd, 2022
At its March 15–16 Federal Open Market Committee (FOMC) meeting, the U.S. Federal Reserve raised its federal target funds rate by a quarter point. It was the first increase since December 2018, but it wasn’t a huge surprise. Fed Chair Jerome Powell had already said we should expect as much, with the potential for additional hikes before year-end.
