More Rate Hikes Could be Coming

[bjl584]

Don't count out more rate hikes due to jobs: fmr Fed governor Kroszner (cnbc.com)

[disneysteve]

I think the general expectation has been one or two more 0.25% increases. Inflation has definitely eased but the labor market remains super tight and spending remains high. Retail sales came in ahead of expectations last month. It’s a very interesting economic environment. Certainly not following the usual patterns.

[disneysteve]

This is great news for savers; not so great for borrowers. Heck the Vanguard settlement fund is paying 5.26%. You don’t even need to invest your cash to get a nice return with full liquidity.

[Fishindude77]

Hope we don't see any more rate hikes.
Really goofy situation we're in right now. You can get 5% on short term money 6-12 months, but less for longer 3-5 year terms due to uncertainty on what is going to happen with rates.

[Jluke]

Headline on Apple News/ Wall Street journal.

mortgage rates hit 7.09, highest in more than 20 years

[disneysteve]

Headline on Apple News/ Wall Street journal.

mortgage rates hit 7.09, highest in more than 20 years

Still almost 2 points lower than what we paid when we bought out house in 1994.