Tue, 2 October 2018
While Kavanaugh dominated the conversations, the FOMC dominated economic news with the Accommodation Clause. Today I discuss what is likely to happen should the Feds stick to their predictions.
The Kavanaugh hearings were all anyone could talk about over the weekend, but the big news on the economic front was the quarterly Fed meeting. The FOMC removed the Accommodation Clause while Chairman Powell stated that “this does not imply the Fed will be less aggressive if necessary in raising rates.” With the fed funds rate believed to be raised in December and three more times next year, what does that mean for loan rates? Other topics include:
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