How Fed Rate Hikes Could Impact Stocks, Crypto, and Other Investments

A statue of George Washington is seen near the New York Stock Exchange building along Wall Street on August 1, 2018 in New York City. Stephanie Keith/Getty Images

By James Royal From Bankrate.com

The Federal Reserve raised interest rates at its June 14-15 meeting after hiking rates in March and May. The nation’s central bank is expected to lift the benchmark Fed funds rate by 50 basis points—one-half of a percentage point—according to the CME FedWatch tool.