Another increase in the Fed rate continues to make borrowing a very difficult situation for those that are seeking loans for mortgages, automobiles, utilizing credit cards, etc. In my opinion, we may have reached the top of the cycle of interest-rate increases by the Fed. The US economy continues to be resilient, as the equities market continues to increase rather significantly over the last several months. It remains to be seen as to whether or not we have reached the top of the interest rate increases. More likely than not, sometime towards the middle of 2024 and beyond, we should start to see a loosening of interest rates with a gradual reduction….!
https://www.fa-mag.com/news/fed-raises-interest-rates-to-22-year-high–leaves-door-open-for-more-74037.html
Fed Raises Interest Rates To 22-Year High, Leaves Door Open For More
