Heads Up, Yellen Says Hike Coming Soon On Thursday night, Fed Chair Yellen gave her first speech since the Fed meeting on September 17. She clarified many of the issues which had created uncertainty for investors.
Take a Hike? Fed Says No Heading into Thursday’s Fed announcement, investors were split about whether the Fed would raise the federal funds rate for the first time since 2006. The Fed chose to make no change.
Things are far from perfect in the U.S. economy, but economy growth is steady enough that things almost feel back to normal. As this “new normal” sets in, it is expected that banks will charge a higher rate when lending to one another. This, in addition to a rise in the federal funds target rate, will make borrowing money more … Read More