Three Out of Five Investors Approve of Interest Rate Hike

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This week’s Sentiment Survey special question asked AAII members for their thoughts about the Federal Open Market Committee’s (FOMC) decision to raise interest rates for a third time this year. Nearly three out of five respondents (58%) expressed approval, mostly saying they agree with the hike, thought it was a good decision or was otherwise appropriate. Slightly more than a quarter of all respondents (26%) disagreed with the decision. Many of these respondents thought the FOMC was being too slow in raising rates. Nearly 14% of respondents described the rate hike as being expected.

Here is a sampling of the responses:

  • “Good job, and go for more next year. Let’s normalize rates.”
  • “I think it’s about time. Seniors have been losing out on their savings interest rates.”
  • “The rates should have gone up earlier.”
  • “It was due. Not likely a problem for the stock market, which I suspect was expecting it.”
  • “A necessary and timely move.”
  • “Don’t go any faster as inflation is not on the rise.”

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