Sam McElroy – Interest Rates Headed Higher?

from Financial Survival Network

As Sam McElroy writes, the Fed remains unchanged on rates, pledges to ‘sustain the expansion. The Federal Reserve did not move on rates at the conclusion of its policy setting meeting June 19, but committed itself to acting “as appropriate to sustain the expansion.” The Fed elected to keep the benchmark interest rate within its target range of 2.25% to 2.5%, but new economic projections show more Fed officials seeing the case for a rate cut — or two — by the end of 2020. The Federal Open Market Committee made a number of changes to its policy statement, removing the word “patient” in favor of language promising to “closely monitor the implications of incoming information for the economic outlook.” Some market participants had viewed the word “patient” as having a bias toward rate hikes, since the central bank had previously messaged that it was on pause, and not full stop, on efforts to normalize interest rates…

Click Here to Listen to the Audio

Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.