Shhh…. at the penning of this post the gang is still sleeping (promised full attention this week) …. Couldn’t keep away from this mid-spring break update…
Rate Increase Today
Janet Yellen and the FOMC (Federal Open Market Committee) have signaled two rate increases this year. The capital markets have fully priced in an increase today. Their increase will move “Short term” rates to .75 % or 75 basis points.
This will help short term bonds, checking accounts and the like.
Recall our friends at JPMorgan think rates have been too low for too long…. if they are correct, this increase may help accelerate the economy.
Only time will tell if this is correct.
One thing is for certain, the capital markets are much more receptive to these increases than they have been in recent past.
Due to speed and security concerns, this will be my last post until next week …. shhh… the family will never know !
Have a great day!
John A. Kvale CFA, CFP