While experts debate whether a recession will happen or when, most people are already convinced we’re headed for a downturn, a recent survey finds. High inflation is one of the biggest risk factors that make people think an economic decline is coming, along with high housing and rent prices and rising interest rates. Fed officials have now hiked the benchmark rate by three- quarters of a percentage point for three consecutive meetings. The 2022 Fed rate hikes are 0.25 basis points on March 17, 0.50 basis points on May 5, 0.75 basis points on June 16, 0.75 basis points on July 27, and 0.75 basis points on September 21. After the three consecutive interest rate hikes of 0.75 basis points, the National Average of Lenders’ Best Rates for a 30-Year Fixed Rate
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