well, for better or worse Fed rate hikes have less of an affect on the money supply when banks can loan each other money more cheaply than getting it from the F

well, for better or worse Fed rate hikes have less of an affect on the money supply when banks can loan each other money more cheaply than getting it from the FED (ICE LIBOR [1]). But regardless of the money multiplier, raising rates does still have a negative impact on market outlook and optimism. Not too much to worry about probably. unless you are looking to buy or sell a house with a low down payment. 1 https://en.wikipedia.org/wiki/Libor https://en.wikipedia.org/wiki/Libor