Weekly Update 12.16.2022



The Federal Reserve has decided to raise interest rates for the seventh time this year. They raised interest rates .50%. The good news is, that is less than the .75% they have raised rates the four previous times. However, their language turned a little more hawkish and it looks like the Fed are going to raise rates a little higher and keep them up higher longer than we expected. So the market is digesting this information as rates are rising a little bit and it looks like rates, according to the Fed may stay elevated a little longer than expected.