Many believe that the Federal Reserve will raise interest rates this coming December, and possibly three more times next year.
A mix of factors is going into the Fed’s determination, particularly the CPI inflation data, as explained in detail by CNBC in the article, “Fed on track to raise interest rates even as inflation mystery gets more complicated.” CNBC Article on Interest Rate Inflation
One particular proponent of this measure to raise rates is Eric Rosengren, president of the Federal Reserve Bank of Boston. He believes that “raising rates slowly could prolong the economic expansion by averting any need to raise rates quickly. NY Times Article Fed Reserve
What should you do?
Whether rates increase this year or next, it is time to consider what your best options are in the very low rate environment.
Contact me today with questions.