What Happens After the Latest Fed Rate Hike? The Pros Weigh In

The Fed didn't blink when issuing its fourth straight jumbo-sized rate hike, but it did wink.

Fed rate hike in focus with Federal Reserve Chair Jerome Powell
(Image credit: Getty Images)

The Federal Reserve delivered a widely expected fourth consecutive short-term interest rate hike of 75 basis points, or 0.75%, when it wrapped up its regularly scheduled two-day policy meeting on Wednesday afternoon. 

But the real question on every investor's mind was whether Chair Jerome Powell would offer any reason to think that the central bank might be inclined to ease back on the size and pace of future rate increases. 

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Dan Burrows
Senior Investing Writer, Kiplinger.com

Dan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016.

A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities.

Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. He's also written for Esquire magazine's Dubious Achievements Awards.

In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics, demographics, real estate, cost of living indexes and more.

Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.

Disclosure: Dan does not trade stocks or other securities. Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts.