Expected Rate Hike
Today the Federal Reserve did exactly what everybody expected them to do, they once again raised interest rates by just one quarter of one percent. This is the third rate hike of the year; this is the fourth rate hike since Donald Trump was elected President and the fifth time the Fed has raised rates since the 2008 financial crisis. The Fed raised rates only once from Obama’s election to Trump’s election eight years later.
Extraordinary Amount of Excess Stimulus
We now are at 1.25% on the low end to 1.5%. So if you take the midpoint there, 1.35%; we’re […]
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