The Fed Hikes Rates To The Highest Level Since 2007, Now What?

<p>For more nuanced personal finance content, join 60,000+ others and sign up for the <strong><a href= "https://www.financialsamurai.com/newsletter" target="_blank" rel= "noreferrer noopener nofollow">free Financial Samurai newsletter</a></strong> and <strong><a href= "https://www.financialsamurai.com/email" target="_blank" rel= "noreferrer noopener nofollow">posts via e-mail</a></strong>. Financial Samurai is one of the largest independently-owned personal finance sites that started in 2009. </p> <p>Stay on top of your finances by signing up with <a href= "https://www.financialsamurai.com/PC" target="_blank" rel= "noopener"><strong>Empower</strong></a>, the best free wealth management app today. Since 2012, I've been using Empowers free tools to manage my net worth an x-ray my portfolio for excess fees.</p> <p>If you enjoyed this episode, <strong>please leave a positive 5-star review</strong>!</p> <p><strong>Episode Synopsis</strong></p> <p>Despite all the carnage in the banking sector, the Fed hiked rates again on May 3, 2023 to 5% - 5.25%. This is the highest Fed Funds rate since 2007, a year before the global financial crisis devastated millions of lives. </p> <p>Let's look on the brightside if we go back into a deep recession.</p> <p><strong>Posts mentioned:</strong></p> <p><strong><a href= "https://www.financialsamurai.com/the-upside-once-the-fed-destroys-the-middle-class/" target="_blank" rel="noopener">The Upside Once The Fed Destroys The Middle Class</a></strong></p> <p><strong><a href= "https://www.financialsamurai.com/personal-lessons-learned-since-the-2008-financial-crisis/" target="_blank" rel="noopener">Personal Lessons Learned Since The 2008 Global Financial Crisis</a></strong></p> <p><strong>Support My Books</strong></p> <p>To build generational wealth, pick up a copy of <strong><a href= "https://www.financialsamurai.com/buythisnotthat/" target="_blank" rel="noopener noreferrer">Buy This, Not That</a></strong>, my instant Wall Street Journal bestseller. The book helps you make more optimal investm