A Fed Rate Hike is looming over the nation’s financial markets. The Fed last increased interest rates in March and thought that inflation and growth were strong enough to warrant another increase. However, fears of a recession loom over the nation. The next possible fed rate hike could be in 2022. In this article, we will discuss the implications of a hike on short-term interest rates and financial markets. This article will also explain how the Fed’s mandate to maximize employment while keeping prices stable will be implemented in practice.…
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