The Federal Reserve is set to raise interest rates at its May meeting after it hiked rates for the first time since 2018 in March. The nation’s central bank is expected to lift the benchmark Fed funds rate by 0.5 percent, according to the CME FedWatch Tool.
It’s likely not the last increase for the year, either. The odds are high that the Fed will raise rates several more times this year as it attempts to get inflation under control.
These potentially higher rates could play out on stocks, cryptocurrency, commodities (such as gold and oil), as well as many other investments over the rest of this year and into 2023. But what can investors expect and how long will the rising rate environment impact markets?
