The internet is filled with both facts and speculations about the continued rate hikes implemented by the Fed Reserve Bank. Will they continue to hike and then hold, or will they hike and then cut? And what is the reality of the impact this will have on our economy?

In a CNBC article titled The Fed is now expected to keep raising rates then hold them there includes details about their own recent survey they provide these key points:

• Wall Street finally looks to be embracing the idea that the Federal Reserve will hike rates into restrictive territory and stay there, according to the latest CNBC Fed Survey.
• The central bank is forecast to keep hiking until the rate peaks in March 2023 at 4.26%. 
• There is growing concern among respondents that the Fed will overdo its tightening and cause a recession.
• They reference their own September 2022 survey: “The September CNBC Fed Survey shows the average respondent believes the Fed will hike 0.75 percentage point, or 75 basis points, at Wednesday’s meeting, bringing the federal funds rate to 3.1%. The central bank is forecast to keep hiking until the rate peaks in March 2023 at 4.26%.
• The new peak rate forecast represents a 43 basis point increase from the July survey.”

Here is a link to the article:
The Fed is now expected to keep raising rates then hold them there includes details about their own recent survey. 

In a related article by Market Watch, they state “While the Fed’s course of aggressively higher interest rates in 2022 already has dramatically cooled off U.S. stocks, bonds and sent the American housing market into a recession, borrowing costs for households and businesses are still climbing”

Read their article here:  
High rents and Fed’s inflation fight to push key mortgage rate above 7%: BofA Global

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