In the News: Fed Raises Rates – Notes from Tracy Shaw of Prestige Capital The Federal Reserve raised interest rates a quarter point last week in a unanimous vote, marking the first rate hike in three years. This brings the central bank’s benchmark lending rate to a range of 3.75%-4%, in an effort to lower…
Fed Holds Rates Steady Amid Split Decision – Info from Prestige Capital The Federal Reserve held the benchmark interest rate at their current range of 3.5% to 3.75% in a split decision last week. This caused a sell-off in the bond market, forcing yields higher. This, in turn, caused an uptick in mortgage interest rates,…
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