US Fed Rate Hiked Further 0.75% Interest Rate in July meeting

On 27 July 2022, To fight rising inflation and for Economy balanced, the Fed raises 0.75% more interest rates

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As June inflation data was higher than expected went up to 9.10%, FED authorities decided to take a more aggressive approach.

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The labor market is extremely tight, and inflation is much too high

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The hike reflects increased expenses for not just fuel and food, but also rent, airlines, and a variety of other services

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The rate increase is expected to pushing up rates for credit cards, home credit and other loans.

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Fixed, 30-year mortgage rates have jumped to an average of 5.54% from 3.22% early this year.

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The Dow Jones Jumps about +436 points and also S&P 500 react positive with +102 points higher, after Fed Meeting.

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