Fed “One and Done” Likely

Interest rates are likely to go up 25 basis points and a reluctant Fed will say as much.

PRE-OPEN MARKET COMMENTS FEDDAY - Interest rates are at highs not seen since 2007. That sounds terrible, but realize that we went through a decade of ZIRP. The 50-year average yield on 10-year US Treasuries is around 4.8% so we are slightly above that level.

Daily Bulletin Continues...