Welcome to the Jill on Money Show.

It's Wednesday, May 3rd, big day in the economy gang.

Today, the Federal Reserve is meeting, and it is expected, I'm not saying it's definite.

It's expected that they're going to raise the Fed funds rate by another quarter of a percentage

point.

So that means we'd be at 5 to 5 and a quarter percent.

The rate is likely, potentially, could be the last rate hike of this cycle.

We'll see.

We'll see.

But, you know, they can surprise us sometimes, but they usually telegraph what they're going

to do.

So, if anything is weird that comes out of the meeting or the statement or anything like

that, I will update you tomorrow, but have the expectation of a quarter point, 5 to 5

and a quarter percent, one of the fastest rate hike campaigns since the early 80s.

So that said, you know, I'm looking forward to seeing what happens next.

It's always kind of a weird thing because people said me, what's happening next?

I said, I don't know.

How do I know?

But it's going to be interesting to see how the economy adjusts to these 5 percent rates

and whether we really do slow down in the second half of this year could happen.

So if that were to occur, then you might even have the Federal Reserve starting to cut

rates sooner than people than expect, or maybe not.

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