A month ago, the odds of the Fed raising rates in December were about 70%.
As of Tuesday? 100%.
In four days, two reports changed the conversation. The question is no longer if the Fed hikes on December 9. It’s how much.
And the 10-year Treasury just crossed 5%.
When you live off your portfolio like I do, that’s not a headline. That’s a question about your paycheck. So I’m going to walk through what happened, what it means for growth funds versus income funds, what history says, and how I’m thinking about all of it.
Quick disclaimer: I’m not a financial advisor. This is what I’m personally researching and doing in my own portfolio. It’s educational, not advice. Always do your own research before investing your hard-earned money.
