The Fed Keeps Current Lending Rate, Signals Possible Hike Later

On Wednesday, the U.S. Fed completed its latest FOMC meeting with a decision to keep benchmark lending rates at their current level due to uncertainty about inflationary pressures arising from high energy prices due to the Middle East conflict. However, the policymakers signaled that there could be a rate hike later this year if inflation doesn’t slow down.

The possibility of rate hikes later in the year could have serious consequences for economic activity. However, firms like Space Exploration Technologies Corp. (NASDAQ: SPCX) that has recently had a very successful blockbuster IPO may not worry so much about lending rates since they have accumulated&

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