The next rate hike is scheduled for June 13 2018. This will be the third rate hike in the past six months. The last rate hike occurred on March 21 2018.
When is the next rate hike?
The next rate hike is scheduled for December 16 2015.
Why is the Fed planning to raise interest rates?
The U.
S.
economy is improving and the Fed wants to keep inflation in check.
How will a rate hike affect consumers?
Consumers will see higher interest rates on credit cards home equity lines of credit and auto loans.
How will a rate hike affect businesses?
Businesses will see higher interest rates on loans used for expansion or capital expenditures.
How will a rate hike affect investors?
Investors will see higher interest rates on bonds.
How will a rate hike affect the stock market?
The stock market may sell off in the short-term but it is expected to rebound over the long-term.
How will a rate hike affect the housing market?
The housing market may cool off in the short-term but it is expected to rebound over the long-term.
How will a rate hike affect inflation?
A rate hike is expected to help keep inflation in check.
How will a rate hike affect the economy?
A rate hike is expected to have a small positive effect on the economy.
What other factors are affecting the Fed’s decision to raise rates?
The Fed is also considering the strong dollar and the risk of a global economic slowdown.
When was the last time the Fed raised rates?
The last time the Fed raised rates was in June 2006.
How long has it been since the Fed lowered rates?
The Fed lowered rates to near zero in December 2008.
What is the target range for the Fed’s benchmark interest rate?
The target range is 0.
25%-0.
50%.
What are the Fed’s long-term goals?
The Fed’s long-term goals are to promote maximum employment and price stability.
Who decides when to raise rates?
The Fed’s Open Market Committee decides when to raise rates.
