Market Update: Rate increase likely for December
The recap of the Federal Reserve’s meeting was released today and they are confident that there will be a rate increase for the Federal Funds Rate (and Wall Street Journal’s Prime Rate) in December.
This doesn’t include any surprise shocks to the market, which isn’t guaranteed after everything that happened in Paris and Syria. The market hasn’t changed as a result of this news, as the future market has already priced in a potential rate hike.
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