“Federal Reserve expected to raise interest rates 0.25%, investors debate next steps”
May 2, 2023
“The Federal Reserve will kick off its latest two-day policy meeting on Tuesday with officials expected to announce a 0.25% increase in its benchmark interest rate on Wednesday, a move many believe could be the final rate hike of the current cycle.
As part of its most aggressive rate hiking campaign since the 1980s, the US central bank has increased the target range for its benchmark interest rate — the fed funds rate — by 4.75% since March 2022; Wednesday’s expected rate hike would take the target range to 5%-5.25%, the highest since September 2007…”
You can expect the stock market to take a hit if interest rates are hiked.