Wall Street focuses more on what other policy-making signals can come from the rise in interest rate. The Federal Reserve will also be announcing its first quarterly forecasts since June.
It will show the American economy's path and where it will go in the next few years. This forecast indicates that interest rates will rise sharply once more. This will, in turn, hurt economic growth.
The mortgage rate has nearly doubled in the last year. Many credit card providers have increased their rates to 20%. The unemployment rate will rise unquestionably.