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  • Frank Tian

Effects of Fed's 10 Rate Hikes

The Fed has handed out 10 rate hikes, with a possible 11th next month.

What are the effects of the fastest rate hikes, so far?

[US Macro parameter: Mar 2022 vs. May 2023/latest]

📍Inflation: 8.5% vs. 4.0%

📍Unemployment rate: 3.6% vs. 3.7%

📍# Job vacancies: 12.0 million vs. 10.1 million

📍Hourly earning 12-month growth: 5.9% vs. 4.3%

📍Housing price*: +0.7% (peaked in June 2022)

📍New car price: +6.7%. Used car price: -3.1%

📍Credit Card balance: +17.2%

The lagging effects of the policy and the dynamically changing world lead us to a new and complicated territory.

* Based on S&P/Case-Shiller National Home Price Index

Data sources: FRED, FED

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