hcy1413

Forty-two, the number of times FED policy-makers use the word increase in the July minutes of its important meeting. Everything from jobs, housing properties, the dollars, stocks, production, car sales, all, increasing, which gives the FEB breathing room for the most important increasing of all its bench market interests rate. A rake hike is a double edge sword. It would be a vote of confidence in the American economy, but higher rates make it more expensive to borrow money, cars, homes, credit cards. Rates have been so low for so long, essentially zero, for years. A small rate increase in December was a lonely, little flip on this chart. The FED has kept its powder dry but its options open since then. But now markets are hipped to the idea that higher rates are coming. When? The probability is now 4 in 10 that high comes in December. Several federal officials have hinted recently a rate high is likely this fall. The FED's next meetings are in September, November and December.



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