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FOMC Updates

FOMC Updates: March 19-20, 2019 Yesterday, the Federal Open Market Committee (FOMC) met to discuss current and future economic conditions. It was previously predicted that there would be two rate hikes in 2019, but after their meeting it was reported that the rate will remain unchanged and continue to hold at 2.25-2.5 percent throughout the year. Fed chairman, Jerome Powell, assures us that the economy is in a good place. However, growth is slowing due to recent developments abroad, which led th...

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Topics: Regulations, Interest Rates

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