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FOMC Updates

FOMC Updates: Jan. 29-30, 2019 Last week, the Federal Reserve met for the first time in 2019. As predicted from their meeting back in December, rates remained unchanged and continue to hold at 2.25-2.5 percent after a unanimous vote from the central bank. In their statement, the central bank reports that more rate hikes are to be expected, but the committee will proceed with a more cautious approach moving forward as they closely monitor economic conditions. “In light of global economic and fina...

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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