Here’s How a Fed Rate Hike Will Affect YouPosted by Florida Realty Marketplace on
Speculation was rampant in September that the Fed would raise the short-term interest rates, and they did not. Now, sentiment seems to be leaning heavily in the direction once more that the Fed will announce a rate increase on Wednesday. What is the difference between now and three months ago?
One of the big difference is that we’ve continued to have reasonably solid employment growth. The Fed takes a pretty close look at the monthly job numbers that come out from the labor department. The economy has added close to almost 2.9 million jobs over the last 12 months. The Fed needed to see some further assurance that economic growth is reaching a self-sustaining level, as measured by employment gains. We’ve continued to see those employment gains, and…
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