All Posts Tagged: household net worth
Amid much anticipation, we expect the FOMC to vote next Wednesday to raise the Fed funds target rate range another quarter percentage point to between 1.25% and 1.50%.
For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Dec. 8.Key observations:
- The Federal Reserve reported that U.S. household net worth hit an all-time high of almost $97 trillion.
- The median forecast from the Fed is likely to remain at three quarter-point rate hikes for next year.
- Our view is that two additional quarter-point rate hikes next year is actually more likely.
- Janet Yellen might want to sneak in a short public parting message to help define her legacy as Fed chair.
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