The Federal Reserve on Wednesday set the stage for its first interest rate hike since 2006, signaling its confidence in the U.S. economy.
Yet the Fed slightly downgraded its economic outlook, saying that growth has moderated somewhat because of weak export growth and a sluggish housing market, among other factors. It said it will raise its benchmark short-term rate, now near zero, only when the labor market improves further and inflation prospects pick up from the current meager pace.
Fed policymakers have not decided on the timing of the initial increase in the rate’s target range following a two-day meeting. The move, however, is expected this year.
STRADA Capital’s fixed rate lease and loan products have NEVER looker more attractive.