3rd Interest Rate Hike This Year

Dated: September 27 2018

Views: 267

If you were thinking of purchasing before interest rates go up even more, now's the time!

The Federal Reserve is set Wednesday to raise interest rates for a third time this year and possibly modify the likely direction of rates in the months ahead.

The big question is whether the strong U.S. economy, which has been fueled this year by tax cuts and increased government spending, could weaken next year, especially if President Donald Trump's trade fights begin to inflict damage and the benefits of tax cuts start to fade.

If the Fed finds that prospect likely, it might signal Wednesday that it expects to slow its rate increases next year.

The Fed's key short-term rate now stands in a range of 1.75-2 percent after two quarter-point increases in March and June. A similar rate hike Wednesday would raise that range to a still-low 2-2.25 percent.


Click here for more information.


Sydni R. Chattman

Want to Advertise on this Site?

Latest Blog Posts

The Next Generation Of Homebuyers Is Here

The Next Generation of Homebuyers Is HereMany members of Generation Z (Gen Z) are aging into adulthood and deciding whether to rent or buy a home. If you find yourself in this group, itâ€

Read More

Are You A Homeowner Thinking About Climate Change

Are You a Homeowner Thinking About Climate Change?Americans are more aware than ever of the effects climate change and natural disasters can have on their homes. According to a report from

Read More

Why PreApproval Is Key For Homebuyers In 2022

Why Pre-Approval Is Key for Homebuyers in 2022 You may have heard that it’s important to get pre-approved for a mortgage at the beginning of the &

Read More