The Federal Reserve raised rates at its December meeting by 0.25 percent. Here’s what you need to know about the event.
- The Fed raises or lowers the overnight cost of money, “Fed funds,” not mortgage rates -- but mortgage rates did rise a little today.
- The Fed plans three more hikes through 2017.
- When short-term rates keep rising, but long-term rates stop, it's time to worry.
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Inman Connect New York | January 29 - February 1, 2019