The Federal Reserve is set to raise interest rates at its June 14-15 meeting after hiking rates in March and May. The nation’s central bank is expected to lift the benchmark Fed funds rate by 50 basis points — one-half of a percentage point — 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.
Higher rates have already been playing out on stocks, cryptocurrency, commodities (such as gold and oil), as well as many other investments in 2022 . But what can investors expect from here and how long will the rising-rate environment impact markets?
