Rate Hikes Still to Come

The Fed’s rapid increase in interest rates, with a rapid 3.75 percent interest rate hike since March. But the recent rate hikes are only the beginning. According to The Hill, there are increments of 25 and 50 basis points to come.

“We need ongoing rate hikes to get to that level of sufficiently restrictive [interest rates] and we don’t, of course, we don’t really know exactly where that is,” said Federal Reserve Board chairman Jerome Powell.