Last Wednesday the FOMC (Federal Open Market Committee) led by Jerome Powell and attended by Dallas’ own Robert Kaplan, lowered rates by .25% to 1.75 to 2.00% Range…
FOMC Lowers rates once again
With a ton of information coming at you (Newsletter is full of interest rate talk) we will keep this short…
The FOMC lowered rates a second time, making for an unofficial change in this cycle from raising to lowering of rates….
While the chart above may seem extreme … let’s look longer term….
It’s ok… a .25% move is not that much, but we really would like room to lower when the inevitable recession comes…. who knows, if the tariff talks get fixed, raising of rates may be in the cards…. wouldn’t that be an interesting turn of events… hand tight, we have your back!
Today is a wet Friday, enjoy your weekend and grab that umbrella.
Have a Great “Interesting Rate Cycle” Day!
John A. Kvale CFA, CFP