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FOMC Updates

FOMC Updates: Sept. 25-26, 2018 Last week, the Federal Open Market Committee (FOMC) met to discuss the economic conditions for the rest of 2018 and make predictions for the next three years. Though expected, the biggest news to come out of the meeting is the third increase of the Fed funds rate this year. In a unanimous decision, the Fed raised the rate by 25 basis points from 2 to 2.25 percent. The new interest rate hike means that savers can look forward to seeing higher yields on CDs and mone...

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Topics: Interest Rates, Regulations

What to Expect when Expecting an Interest Rate Increase

 Will they or won’t they? We’ve been hearing that the Federal Reserve is going to increase rates for nearly a year now, which reminds me of a story read to me as a child. “The Fed! The Fed! The Fed is raising the rate!”

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Topics: Banking Products, Interest Rates