How to Cope With Higher Interest Rates

For most of 2022, the financial markets have been bleeding red ink, driven by rising interest rates, high inflation, and recession fears.  The Federal Open Market Committee, the policy-making arm of the Federal Reserve, raised interest rates by another 75 basis points to a target range of 3 percent to 3.25 percent following its two-day meeting on Sept. 21.
Based on the language coming out of the central bank and the comments made by officials in recent weeks, the rising-rate climate is here to stay until inflation shows signs of coming down. 
But the Fed’s tightening campaign is weighing on stocks and sen …