MPS LORIA Financial Planners, LLC:
The Federal Open Market Committee announced yesterday that they raised the federal funds rate by 0.25%. The Fed successfully managed expectations surrounding this hike as recent economic data continues to point to accelerating growth. Against this reflationary backdrop and Fed move, both the equity and bond markets have been rather complacent which may warrant a thoughtful, cautious approach going forward.
Watch Jackie Rondini, CFP®, as she discusses:
• Key factors influencing the Federal Reserve’s decision
• The probability of future rate hikes
• Implications for the markets