Truckers and movers are getting subsized gas price so the grocery price should decline after august . Rate hike means banks prefer lending their money to federal than their customer . This will suck up excess liquidity in the market limiting purchasing power . Housing price has started delcling , current hike will further freeze the housing business . If they initiate purchasing gas from Venezuela like president said last night , we dont have to wait until 9 months to get things better . Time to buy good stocks again but gradually. I m relatively new to the US but this is how i see things . A new oppertunity for newbee ilke myself in the stock market to catch up with other regular stock veterans as most of them(if not all) are 80% DOWN . I take this as an oppertunity.