The Federal Reserve holds their last meeting of the year today at 2PM EST and the Estimize community anticipates a 25 bp hike, bringing rates up to 1.25%. This would be the third interest rate increase of the year, the suggested goal at the onset of 2017. Financials should react positively as banks look to increase interest revenue in the year ahead. The Fed is expected to continue the normalization process in 2018 which should help keep the current bull market in tact.

 

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