After a unanimous vote, the Federal Reserve chairman says: "The plain fact is inflation is too high and has been for too long."

Here are seven of the best ETFs to buy if interest rates rise:

The Fed just raised interest rates for the first time since 2023, with another hike in 2026 likely. Let's talk about the best stocks for rising interest rates.

The Federal Reserve unanimously voted to increase interest rates to 3.75%-4% from 3.5%-3.75% on Wednesday.

Forbes Advisor’s weekly credit card rates report indicates that the current average credit card interest rate is 24.96%. The Federal Reserve also tracks U.S. consumers' average credit card interest rates.

The Fed’s so-called dot plot that shows the forecasts of top officials revealed a divide on how high interest rates should go to vanquish inflation. For this year, 16 of the 18 Fed voters who participated in the dot plot expect at least one more rate hike.

Forecasts of further rises in the inflation rate mean some analysts expect the Bank to act by the end of the year.