We wanted to spend a moment today discussing the FED’s recent decision to not raise interest rates, and how that’s going to affect the market going forward.
As you know, they met in September and decided to keep rates where they are at for the time being. Most experts agree that they will stay in the high 3%, low 4% range throughout the rest of the year.
Just because rates aren’t going up now doesn’t mean that they won’t go up in the future. We believe that rates will be raised at some point by the end of the year (the next FED meeting is in December). However, this rise is going to be slow and steady, maybe by just ⅛ or ¼ of a percent at first. Rates may rise up to 4.5% or 5% by the end of the year, but it’s not going to be any more drastic than that, like some people have anticipated.
If you have any questions for us, feel free to give us a call or send us an email. We would love to hear from you!
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