(Washington)
The Fed is meeting this week, and their decision on rates is highly anticipated by the market. The overwhelming expectation is that they will raise interest rates by a quarter of a point to between 1.5% and 1.75%, a level still very low by historical standards. The bigger question from today's meeting regards the future path of interest rates in 2018, especially as a new Fed chairman, Jerome Powell, is set to take over.
FINSUM : One of the big x-factors here is how the not-yet-finalized tax cuts will affect the Fed's projections for tightening. The expectation is that the increased fiscal stimulus of the package will prompt the Fed to be more hawkish.
- fed
- interest rates
- hikes
- taxes
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
