The Fed Reserve Approved Fourth Straight Rate Hike

When The Fed raises interest rates, it weighs down the stock market, hikes mortgage rates and increases recession fears.

The Federal Reserve made history once again by approving the fourth straight interest rate hike of three quarters of a percent.

The rate hike follows after Democratic lawmakers sent a letter to The Fed Reserve Chairman, Jerome Powell. The letter explained concerns about the central bank’s plan to raise rates at an “alarming pace.” It urged Powell to acknowledge the millions of jobs that could be loss from its war on inflation.

Comments were brought up from economist who fear The Fed is moving too fast and aggressively to keep up. They pointed out previous warnings the U.N. made regarding central bank-fueled global recession.

When The Fed raises interest rates, it weighs down the stock market, hikes mortgage rates and increases recession fears.