No Surprise: The Fed Raises Rates
MPS LORIA Financial Planners, LLC:
As expected, the Federal Open Market Committee announced today that they raised the federal funds rate by 0.25%. It’s the first increase this year and just the second since June 2006. One of the main questions now becomes what are the path of rates in 2017 and beyond.
Watch Brad Long as he discusses:
• Key points of the Federal Reserve’s final policy meeting
• The importance of economic data – unemployment, inflation and U.S. growth rate
• What this means for portfolios