Tomorrow's the big day for the Fed! What do you think will happen?
- Jennifer Garbiso Hall
- Dec 15, 2015
- 1 min read
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?
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