General World News

Fed hikes rates amid general wave of optimism

The Federal Reserve (Fed) raised the federal funds rate 25 basis points to the 5.25 to 5.5% range on Wednesday, its highest level in 22 years. While the markets have already “priced in” this rate hike, which was widely expected, most investors are already wondering what it would take for the central bank to lift rates again later this year.

For the housing market, that likely means a few more months with mortgage rates above 6%.

The Federal Open Markets Committee (FOMC) elected to resume its rate hikes in details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com