Hike effects

Dec 19,2022 Scribbled Underline Image - Getty Images Contact Us By Loansbun

Fed again hike the interest rate by 50bps to fight the inflation and also indication the rate hike again in 2023

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Central Bank raise the interest rate on Wednesday and this was 5th rate hike in 2022

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Now the problem is that this rate hike brings up to 4.25% - 4.5% and this is more than in 15 years

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This continuous rate hike has impacted financially to the peoples of America

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Loans, Mortgages, and Credit card were impacted worst by this rate hike

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In November the inflation data states at 7.1% compared to October which is 7.7, The data is lower than expected. It can be a good sign.

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Thank you for watching this web story

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