Number of Rate Hikes per Fed Tightening Cycle, 1994 to 2023

Since 1994, the Fed has gone through six tightening cycles. Five lasted for years and involved at least six rate hikes. But with real rates already starting from historically high levels, this cycle may be much shorter.

Image: Real Investment Advice

Number of Rate Hikes per Fed Tightening Cycle, 1994 to 2023