To a man with a Hammer, everything looks like a nail…. or something like that…
Insert Interest rates for the Hammer!
Today the FOMC (Federal Open Market Committee) led by Jerome Powell will in all likelihood use their Hammer, raising rates… a 20 year chart below, to a 20 year high!
While mentioned frequently, we ARE fans of higher rates, but this has been a very fast move over a very short period of time… and certain portions of the Capital Markets/Stocks are acting as if rates are being lowered, ignoring these increases…
The future expectations/rhetoric of rate increases will be watched closely…..
Let’s give this some time to sink in boys!
Have a Great “Fed Rate Increase” Day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
