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Tomorrow's the big day for the Fed! What do you think will happen?
December 16, 2015
Tomorrow is the highly anticipated announcement from the Federal Reserve for which it is expected that an increase will occur. In fact, according to a CME Group analysis of bets placed by traders, there is an 83% chance that the raise will occur.
Amazingly, a rate hike has not occured in over 9.5 years. And while mortgage rates currently hover around 3.9%, they were over 6% at that time. What do you think will happen?