10th straight rate hike unprecedented longest streak of U.S interest rate hike

10th straight rate hike unprecedented longest streak of U.S interest rate hike

The federal reserve's decision to raise interest rates for the 10th consecutive time marks a significant milestone in the U.S economy. This marks the longest streak of rate hikes since the mid-2000s and the Fed's latest move is sure to have a lasting impact on the markets. The 0.25 percentage point increase is the latest in a series of steps taken by the Fed to bring inflation back under control. The decision was widely anticipated, with many economists predicting that the central bank would continue to raise rates as the economy continues to recover from the pandemic.

The increased interest rate will likely have a negative effect on the stock market in the short term. This is because higher rates tend to make borrowing more expensive, which in turn can lead to reduced borrowing and lower demand for stocks. Furthermore, higher interest rates can also lead to a stronger U.S dollar which can make foreign investments less attractive. At the same time, the rate hike could have a positive effect on the U.S economy in the long term. Higher interest rates tend to discourage borrowing and encourage saving, which can lead to increased investment. This increased investment can, in turn, lead to increased economic growth, higher wages, and more jobs.

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