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Three Out of Five Investors Approve of Interest Rate Hike

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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