💥What the Fed's interest rate hike means for you

Will the Fed crash the market? The Federal Reserve raises interest rates to a 16-year high

👋 Hello and good morning finance enthusiasts, the Federal Reserve raised interest rates by 25 basis points to a 16-year high. This marks the ninth rate increase in about a year, bringing interest rates to their highest level since 2007. Federal Reserve Chairman Jerome Powell indicated that further rate hikes may be on the horizon, stating that the central bank will not be cutting rates this year and may raise them even higher if necessary. In this edition, we’ll discuss its effects on the economy and tips for navigating a recession. And thank you for subscribing to this newsletter, where we discuss money, finance, and investing. If you haven’t yet subscribed, sign-up here and join 16,000 others:

The Fed's rate hike will likely have a number of effects on the economy. Higher interest rates will make it more expensive for consumers and businesses to borrow money, which could lead to a slowdown in economic growth. Higher interest rates will also make it more attractive for investors to h…