rate hike

The Fed seems to be hinting at a rate hike in December. Janet Yellen spoke earlier in the week and said several items.

  • The economic growth is stable (however slow).
  • Jobs have been added (but not many).
  • The stock market has remained strong.

Yellen’s wait-and-see attitude has been caught up to. I see the GDP growth at 1.8% for 2016. Growth, not much, but still growth.

As a new president will take office, it will be really interesting how he and the new Congress will approach taxes, the infrastructure, and immigration.

I have to tell you that I’m curious about the tax situation. Hopefully, a new tax structure will lead to job growth.

I feel that Yellen isn’t waiting for a new administration and Congress to hike the interest rate. It will most likely be a hike of 25 to 50 basis points.

Published by mikebertelsen

Global market, trade, and financial news. I keep up to date with what I assess is important.

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