The Fed will hike rates again in December -- here's why

  • The Fed completed its meeting on Wednesday in some disarray.
  • Chair Yellen expressed deep worry about job-market overheating.
  • A 0.25 percent hike is coming in December, another 0.50 percent in 2017, and another 0.75 percent in 2018.

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

The important developments involving this week’s Fed meeting first, the how and why later: August was a lousy U.S. economic month, and long-term rates are back down, mortgages on the low side of 3.50 percent, and the 10-year T-note at 1.61 percent, its lowest since September 8.