Rate Hikes Have Begun. Why Investors Shouldn’t Panic.

Almost everyone was expecting the Federal Reserve to raise interest rates this month. When the Fed raised interest rates for the first time in three years, from 3.75% to 4%, at the conclusion of the Federal Open Market Committee meeting last week, the move seemed a foregone conclusion. After all, the job market has been relatively stable, while the ongoing Iran war is just the latest fuel for the inflation fire.