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point hikes. we can assume 50 in december but maybe a higher end rate target next year, is that how you re reading it? that s exactly right. the message from the fed chair is even though the central bank is slowing down the scale of the whopping interest rate hikes we re seeing, that isn t the point. the point is how long high rates will be held high. the point the fed chair will make is very high rates do a serious number on the economy even if they aren t raising by 75 basis points. wall street focused on the moderation of rate increases. for main street, it s important. it still means higher borrowing costs are here and could creep higher for people borrowing for cars, homes, on credit cards? zblr they will keep creeping higher and that they will stay high for some time. the fed has been very clear. even if they start to pull back on the size of these rate hikes, that is by no means a sign that they are letting up.

Fed
Message
Chair
Rate-target
Central-bank
50
Economy
Number
Point
Rates
Scale
Thigh