Fed Delivers as Expected
Posted on December 14, 2017
As expected, the Fed increased the overnight fed funds rate by 25 bps, to get the target to 1.25-1.50%. Yellen held her last press conference as Chair and indicated once again we shouldn't expect much difference in policy with the new Chair Jerome Powell.
Also, check out Tim Sustak's quick video on the results from the FOMC meeting. Tim is Vizo Financial's Chief Credit Officer and does a great job on providing a quick update on the Fed meeting.
Have a great Thursday!!