The Fed Raises Rates
On May 4, 2022, the Federal Open Market Committee (FOMC), as expected, announced a 0.50% increase in the overnight Fed Funds rate in response to increasing pressure to control inflation. While the markets initially reacted positively, this was followed by a sharp downturn, and we anticipate ongoing volatility as the markets and the economy absorb this move and the probability of future rate hikes.
Klingenstein Fields Advisors continues to believe in long-term investing, and we seek to avoid emotional decision-making based on short-term market shifts. However, we are carefully watching the markets and monitoring portfolios to identify the potential to control risk or benefit from investment opportunities that may arise.
We understand that the current market activity may be causing anxiety and stress, and we are here as a trusted resource to help you navigate through uncertain times. We encourage to reach out to us with any questions you may have by phone at 212.492.7000 or email us at

The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personal investment advice. KF Advisors is neither a law firm nor accounting firm, and no portion of its services should be construed as legal or accounting advice. If you are a KF Advisors client, please remember that it remains your responsibility to advise KF Advisors, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services. A copy of our current written disclosure statement discussing our advisory services and fees is available upon request or by clicking here. Please read the expanded disclosures in the linked report.