Posted on March 3, 2017 by Jeremy M. Welch
Blog
As we indicated on February 16, 2017 the Federal Reserve is looking at interest rate hikes for 2017. At a speech in Chicago today Chairwoman Janet Yellen said it is likely the Federal Reserve will increase the federal funds rate in March, which was most recently increased in December from 0.50% to 0.75%. The stock […]
Posted on February 16, 2017 by Jeremy M. Welch
Blog
Chairwoman Janet Yellen presented her semi-annual report to the Senate Committee on Banking, Housing and Urban Affairs on February 15th where she testified that she expects the economy to continue to expand at a moderate pace with inflation gradually rising to two percent. She also stated that the monetary policy remains accommodative and strengthening due […]