the Fed will raise rates another quarter of a percentage point when it meets next month, and the same in May, ultimately pushing the benchmark rate above 5% by mid-summer.at some point, but a still-resilient consumer in the face of rising rates could offer more room for the Fed to continue., but the annual pace is continuing to slow.
Growth stocks have rebounded this year in the hope of an eventual end to the interest rate hikes. The S&P 500 is up 7.7% this year, and 70% of the more than half of the S&P 500 firms that have reported quarterly results so far have beaten expectations, according to Reuters.
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