cancel
Showing results for 
Search instead for 
Did you mean: 

Fed Rate Hike from 1.50% to 1.75%

Frequent Contributor

Fed Rate Hike from 1.50% to 1.75%

What the Latest Fed Rate Hike Means for You

Back In the garden March 7, 2018 until June 2019 (Mortgage)
FICO 8 Scores (Inquiries) June 14, 2018

Military Star - $8.7K | FCCU Platinum VISA - $11K | Care Credit - $12K | Barclay AA Red MC - $5K | Best Buy - $3K | Cap1 QS - $3.1K | USAA VISA - $6K | PFCU Power Cash Rewards VISA - $28.5K | CSP $19K | USAA AMEX - $12K | AMEX BCE - $18K | Chase Freedom - $10K | HSBC MC - $1.75K | CITI DC - $7.3K | Discover It - $12.5K | NFCU Cash Rewards Visa - $10K | NFCU CLOC - $15K | TD Ameritrade Client Rewards Visa - $1.5K
Message 1 of 9
8 REPLIES
Established Contributor

Re: Fed Rate Hike from 1.50% to 1.75%

0.25% more WoW...

Gardening 2020-2021
Total CL 113k+ UTIL 0.01% Uber Visa, DoubleCash, Quicksilver, Discover IT, Freedom Ulimited, Blue Cash, Premier Rewards GOLD
Message 2 of 9
Regular Contributor

Re: Fed Rate Hike from 1.50% to 1.75%

The central bank also suggested that additional rate increases are coming later this year.

^^ This is the important part of the article. Thank god my student loans are fixed rate.

TCL: $1,450 | AAoA: 7.8 yrs (I can thank my student loans for this) | Util: 62% (high due to charge-offs) Smiley Sad
Cleaning up and rebuilding after a long hiatus from credit
Message 3 of 9
Established Contributor

Re: Fed Rate Hike from 1.50% to 1.75%


@beutiful5678wrote:
The central bank also suggested that additional rate increases are coming later this year.

^^ This is the important part of the article. Thank god my student loans are fixed rate.


Congrats! on getting your loans fixed wise thing to do. Smiley Wink

Gardening 2020-2021
Total CL 113k+ UTIL 0.01% Uber Visa, DoubleCash, Quicksilver, Discover IT, Freedom Ulimited, Blue Cash, Premier Rewards GOLD
Message 4 of 9
Established Member

Re: Fed Rate Hike from 1.50% to 1.75%

These increases have been coming for some time now.  It will be interesting to see what happens if the stock market gets worse than correction territory.


Yes, just one card - by design.
May 2018 Score: 805 (FICO 9 - Experian)
Message 5 of 9
Established Contributor

Re: Fed Rate Hike from 1.50% to 1.75%


@silvius wrote:

These increases have been coming for some time now.  It will be interesting to see what happens if the stock market gets worse than correction territory.


stock market does seem to be bullish still DOW likely to keep climbing... either way I've got no money in it so not worried ... when everyone got wiped out with 401K,etc in the '08 mess that told me all I need to know about the market. Granted people do invest and create wealth but they probably have money to offset loses. ftm I always deal in cash and sometimes credit and when 08 happen I was fine.

Gardening 2020-2021
Total CL 113k+ UTIL 0.01% Uber Visa, DoubleCash, Quicksilver, Discover IT, Freedom Ulimited, Blue Cash, Premier Rewards GOLD
Message 6 of 9
Regular Contributor

Re: Fed Rate Hike from 1.50% to 1.75%

It will be interesting. Couple months ago,  I thought 3 more hikes this year would get rate to 2.5 and long bond would be over 3 and get to 4 by year end 

 

now with all this trade stuff , I don’t know if economy will tank. 10 year touched 2.9 and has backed off to 2.77. I wonder if the bond market is expecting a slow down in future 

Message 7 of 9
Valued Contributor

Re: Fed Rate Hike from 1.50% to 1.75%


@CapCredit72 wrote:

@silvius wrote:

These increases have been coming for some time now.  It will be interesting to see what happens if the stock market gets worse than correction territory.


stock market does seem to be bullish still DOW likely to keep climbing... either way I've got no money in it so not worried ... when everyone got wiped out with 401K,etc in the '08 mess that told me all I need to know about the market. Granted people do invest and create wealth but they probably have money to offset loses. ftm I always deal in cash and sometimes credit and when 08 happen I was fine.


Unlikely it keeps rising because of a few factors. 

 

First, the fed rate hike (and it'll keep going up). Second, trade war with China. Third, it's already overvalued as it is and is due for another correction in the near future.

 

Also - people who invest know when to pull their money out and when to leave it in. It isn't a skill you can really teach, but a skill you aquire based on experience in the stock market. Many people put a percentage of assets into gold and precious metals to counterbalance the losses inquired from other stocks. 

 

Most people - unless you invest stupidly, gain money from the stock market. Right now, if you have a large sum of money in the bank, you're losing money to inflation so it's smart to invest rather than let it sit at 0.03% or even 1.55% (still an inflation loss). 

USAA Limitless
NavyFed AMEX
AMEX Blue Business Preferred
AMEX Delta Gold
Citi ThankYou Premier
Citi AT&T Access
DiscoverIT 5%
AMEX Everyday
BOA Cash Rewards
Message 8 of 9
Established Member

Re: Fed Rate Hike from 1.50% to 1.75%

Market timing almost never works in the long run.   This is a pretty consistent theme if you do the research.


Yes, just one card - by design.
May 2018 Score: 805 (FICO 9 - Experian)
Message 9 of 9