We Just Got a Glass of Ice Water, in Hell.
TL;DR
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For the primary time in 18 months, the Federal Reserve has determined to not increase rates of interest!
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What does that imply? It means our mortgage and credit score repayments aren’t about to go up. This pause in will increase is step one in direction of eventual fee cuts.
Full Story
Alright, prepared for a fast hit of excellent information earlier than the weekend begins?
You know the way each month or so for the previous 8 months we have written a narrative on rate of interest hikes?
And each month, as companies go underneath and banks collapse, the market sentiment is all the time one thing an extended the strains of:
‘Suuuurely now the Federal Reserve goes to cease mountain climbing charges??’
…however every time, we see a rise, regardless?
Nicely. We’ve some excellent news!
For the primary time in 18 months, the Federal Reserve has determined to not increase rates of interest.
What does that imply?
It means our mortgage and credit score repayments aren’t about to go up.
And whereas they don’t seem to be about to go down both – this pause in will increase is step one in direction of eventual fee cuts.
We like to see it!
