FED Raises Short-Term Interest Rates

The Federal Reserve announced at 2pm CST today, December 16th 2015, that they are raising short-term interest rates by one quarter of one percent (0.25%) in a unanimous vote by the Federal Open Market Committee. This is not a large surprise as much of the market anticipated this move based on comments from Federal Reserve chairwoman, Janet Yellen, in previous press conferences and other published meeting minutes. It is important to note that this rate increase is small and only the beginning of a gradual plan to increase rates in 0.25% increments. This steady approach is aimed at bringing rates to normal levels without jolting economic health and markets.

If you are interested in this topic or would like to discuss how this might affect you, please feel free to reach out to our knowledgeable team.

Bethany Muensterman

Published: December 16, 2015

Author: Bethany Muensterman, CFA

Email: bmmuensterman@paynewealthpartners.com

Phone: (812) 602-6307

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The Information contained in or provided from or through this commentary is intended for clients of Payne Wealth Partners, Inc. The views expressed are those of Payne Wealth Partners Investment Committee and are subject to change at any time. These views are for informational purposes and should not be relied upon as a recommendation or solicitation or as investment advice. You should not make any decisions, financial, investment, trading or otherwise, based on any of the information presented in this commentary without undertaking independent due diligence and consultation with a competent financial advisor. You understand that you are using any and all Information available in or through this commentary at your own risk.

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