Following the Fed’s Biggest Single Rate Increase Since 1994, What Comes Next? JUNE 16, 2022

Investors are still digesting the Federal Reserve’s biggest single rate increase since 1994, hiking by 75 basis points. Jenny Harrington of Gilman Hill Asset Management and Dana Peterson of The Conference Board discuss the short and long term implications of this decision. Plus, Jerome Powell now expects the Fed Funds Rate to increase by roughly 1.75 percentage points over the next four policy meetings to end the year with a benchmark rate above 3%. Priya Misra of TD Securities breaks down what this means for your money. And, with mortgage rates super-spiking in the last few weeks, how does this affect the real estate market and your ability to get a loan? Walt Schmidt of FNH Financial weighs in.