Published on 27 Jul 2022 on Benzinga via Yahoo Finance
Nervous About Interest Rate Hikes? These 3 Under-the-Radar, Tax-Advantaged Securities Offer Yield Up...
For 14 years, the federal funds rate has hovered around zero. The Federal Reserve or “Fed” maintained these low rates to stimulate the economy during two steep market downturns: the 2008 Great Recession and the 2020 COVID-19 pandemic sell-off.
But, the economy has recovered since those events, and prices are rapidly increasing from record-high inflation and other factors. The Fed has drastically increased rates since January 2022 to slow down inflation and lessen the impact that a recession would have.