{"id":57867,"date":"2022-11-13T09:00:04","date_gmt":"2022-11-13T14:00:04","guid":{"rendered":"https:\/\/www.ino.com\/blog\/?p=57867"},"modified":"2022-11-11T15:05:08","modified_gmt":"2022-11-11T20:05:08","slug":"3-stocks-to-benefit-from-the-recent-rate-hike","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2022\/11\/3-stocks-to-benefit-from-the-recent-rate-hike\/","title":{"rendered":"3 Stocks To Benefit from the Recent Rate Hike"},"content":{"rendered":"

High inflation has been a problem for the economy this year. Although the consumer price index (CPI) eased slightly in October<\/a>, it remains way above the Fed\u2019s 2% long-term target.<\/p>\n

The Federal Reserve has been trying to combat runaway inflation by draining liquidity from the financial system by hiking the benchmark interest rates and selling off a significant part of its bond portfolio. <\/p>\n

The Fed has raised the benchmark interest rate six times this year, with the fourth consecutive 75 basis point rate hike taking the target range to 3.75%-4%.<\/p>\n

Bankrate\u2019s chief financial analyst Greg McBride said, \u201cA fourth consecutive rate hike of 0.75 percent \u2013 after going 28 years without one that large \u2013 speaks to the urgency of the Fed\u2019s task.\u201d \u201cThey\u2019re still playing catch-up against inflation that continues to run near 40-year highs,\u201d<\/em> he added.<\/p>\n

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Do you think the Fed can pull off a soft landing for the US economy now that inflation has cooled slightly in October?<\/strong><\/p>