As expected, the Fed increased policy rates by a quarter percent at their June meeting. They surprised us by saying they will likely raise rates two additional times this year, where we had previously expected just one more hike in 2018. Please read on for more:
Remind me—who is the Fed?
The Federal Reserve Board (the Fed), controls the Fed Fund Rate and the Discount Rate. These are charges for overnight loans from bank to bank or from the Fed to member banks.
What does an increase mean for regular people?
How can I help?
I’m tracking the changes carefully and am happy to keep you informed whenever you like. Go to www.julieCnichols.com today!