The Fed raised rates again. How many more hikes could be on the way?

Economic Insights by Nationwide · Nov 3, 2022 · 15m

With inflation still high, the Fed just announced an increase of interest rates by three quarters of a percent, the sixth rate increase this year. Nationwide's Deputy Chief Economist Bryan Jordan and Senior Economist Ben Ayers provide their perspectives on the Fed's announcement and share their outlook on future rate increases. How have these rate increases impacted the economy and financial markets? How close are we to a recession? With the FOMC meeting again next month, is there an appetite for another rate increase this year? [NFM-20130AO.55]