How High Will Interest Rates Rise in 2022? JPMorgan Chase Just Dropped a Big Hint

In its recently released minutes from its May meeting, the Federal Reserve indicated that it may need to raise its benchmark overnight lending rate, the federal funds rate, potentially even more aggressively than the market had anticipated. Rising rates increase the cost of debt for consumers, whether it's for a mortgage, a credit card, or another type of consumer loan. Rising bond yields, which tend to move with the federal funds rate, could also continue to create volatility in the stock market, which is why investors pay such close attention to how the Fed moves the federal funds rate.

The Fed's recent meeting minutes have investors wondering just how much it will raise rates this year. Luckily, JPMorgan Chase (NYSE: JPM) just dropped a big hint at its recent investor day about where the federal funds rate could land at the end the year. Let's take a look.

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Source Fool.com