Fed Interest Rate Hike: Navigating the Bumpy Road

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Visualizing the 200-Year History of U.S. Interest Rates

What are Interest Rates?

Why Hike Rates?

Inflation at 3.2%, still above target (4.0%). Rising prices squeeze wallets, hurt businesses

Impact of Rate Hikes

Borrowing costs rise: mortgages up 1.5% since 2022, credit cards 0.75%.

Winners and Losers

Savers rejoice, borrowers burdened. Stock market volatility due to uncertainty

Current Rate Landscape

Rates at 5.25%-5.50% range, on hold since November 2023. Future hikes uncertain

What's Next?

Fed remains data-driven, watching inflation and economic growth

Tips for Consumers

Lock in lower rates if possible, adjust budgets, explore alternative financing options