Combined with the forward-looking interest rate forecast included in the Fed’s Summary of Economic Projections, the FOMC’s statement shows that we are looking at five years at the least of rates remaining pinned to the zero boundary, if not far longer. … READ MORE >
federal open market committee
Expect the Fed to cut its target rate by a quarter point
We expect the Federal Reserve to cut the federal funds rate this week by 25 basis points to a range between 1.50% to 1.75%. … READ MORE >
Low rate environment poses challenge for banks
The Fed recently cut its lending rate by 25 basis points and is expected to cut again later this year. Meanwhile, as longer-term rates continue to decline, banks will be faced with further pressure on their net interest margins. … READ MORE >