Tom is the Head of Investments at Facet. He has over 20 years in investments markets, and is passionate about both markets and building businesses. Tom oversees the creation and maintenance of Facet’s proprietary investment models, which complement the personalized financial advice that each client receives.
It isn’t reasonable to expect actual inflation prints to plunge suddenly, so this is more about looking for the right trend.
The Federal Reserve once again increased the pressure pushing down on inflation—and the economy—raising its benchmark interest rate by a quarter-point in its tenth and what could be the final rate hike of its current campaign.
This may be the last rate hike for the year, but we're not out of the woods yet.
There's a chance your savings may see a small boost with rates rising again.