Business

Written By Govind Bhutada

Graphics & Design

• Zack Aboulazm

Published May 8, 2023
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Updated May 8, 2023
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Comparing the Speed of U.S. Interest Rate Hikes

After the latest rate hike on May 3rd, U.S. interest rates have reached levels not seen since 2007. The Federal Reserve has been aggressive with its interest rate hikes as it tries to combat sticky inflation. In fact, rates have risen nearly five percentage points (p.p.) in just 14 months.

In this graphic—inspired by a chart from Chartr—we compare both the speed and severity of current interest rate hikes to other periods of monetary tightening over the past 35 years.

This article was written by Brandon Smith and originally published at Birch Gold Group