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Daily Stock Market Update
Daily Stock Market Update
The Fed's Rate Hikes: What You Need to Know

The Fed's Rate Hikes: What You Need to Know

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Tom
Aug 01, 2023
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Daily Stock Market Update
Daily Stock Market Update
The Fed's Rate Hikes: What You Need to Know
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The Federal Reserve has raised interest rates 11 times since March 2022, in an effort to combat inflation. However, the impact of these rate hikes may not have hit most Americans yet.

According to data from Moody's Analytics, only about 15% of US households have floating-rate debt. This means that the majority of Americans are likely locked into lower in…

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