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☆ Morning Bid: Not so calm before the storm
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterU.S. Dollar banknotes are seen in this illustration picture taken June 14, 2022. Register now for FREE unlimited access to Reuters.com RegisterThe yield on the U.S. benchmark 10-year note hit its highest level since 2011, touching 3.518% although it then pulled back. A rate hike of 75 basis points is expected, with markets pricing in roughly one-in-five odds of a full percentage point hike. In a Reuters poll, 75% of market participants predicted no change to either the one-year loan prime rate or the five-year. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Mortgages and credit cards are about to get even more expensive. It's nothing compared to what we'll see by the end of the year.
▼ + stars: | 2022-09-18 | by ( Ben Winck | Madison Hoff | ) www.businessinsider.com time to read: +5 min

Higher-than-expected inflation in August means the Fed will likely back another jumbo-sized rate hike next week. Rate increases have already made mortgages, car loans, and credit cards much pricier for Americans. Fed officials have been clear that they'll only pull back on their rate hikes once they see "compelling evidence" that inflation is slowing down. And since it usually takes around one year for rate hikes to be fully felt throughout the economy, those tightening effects are set to only get more intense. Fed officials have also made it clear that they want to avoid the biggest risks that come with monetary tightening.

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