Subscribe to Answers
the sept meeting. i bet a drink on it
I think sooner than later we'll see a rate hike - what's likely to happen though is that they HAVE to raise rates after telling everyone for months about the need to do so - fact remains though, economy is not great, and inflation is not a risk, so we'll probably see a rate hike with no teeth at all (.25 perhaps). No way we see continuous, aggressive rate hikes any time in the near future, though - we'd fall back into recession immediately.
The fact that they have held off indicates how difficult this recovery is and was. Whatever they do, it will be slow and and maybe a go depending on the economy stability. We may see this toward the second half of the year modestly. Be assured before our next President, we will have higher rates
Every time I made a prediction about this, I've been wrong. So, now I just watch and wait.
The rates are already starting to move up ---- I've got several buyers whose over-thinking will cost them in the end. As they agonize over $5,000 - $10,000 here and there, I think if they are honest, they will look back with some regret as they continue to lose good options over amounts of money that have already been usurped by rising rates.
Thomas - Hopefully not for a very long time.
This is hard to answer because you never truly know unitl it happens.
Last report, I read was that Yellen was definitely in favor sooner than later...so far I have not heard a whisper. So much economic upheaval is happening, and the Chinese market was really down after looking like things were getting better. A