Federal Reserve approves first interest rate hike in more than three years, and its a good thing.

Its finally starting - fed finally increasing interest - also planned on 6 more.

source: https://www.cnbc.com/2022/03/16/federal-reserve-meeting.html

The Fed approved a 0.25 percentage point rate hike, the first increase since December 2018.

Officials indicated an aggressive path ahead, with rate rises coming at each of the remaining six meetings in 2022.

Members also pared expectations for economic growth this year and sharply raised their outlook for inflation.

Overall I think the market has already priced this in and the increase starts as early as tomorrow. For the long run this is a good for the market I think. I rather the market drops a bit then to see inflation go out of hand. With that said the Feds job has always been about protecting the economy but not the market so its strange to see in recent years it looks like the other way around. Greenspan from awhile back used to just increase out of the blue to randomly shock the market.