July 30th, 2019
Today, the Federal Reserve will be meeting to discuss our favorite topic: interest rates. And from what we can tell, it’s looking highly likely that this time they’ll be making a cut, with the majority of speculators expecting a 25bp decrease in the Fed’s benchmark rate. Some of the reasons for this? Well, trade war tensions are still high. Also, economic expansion has been seen to be slowing, which typically signals a looming rate cut. We will know for sure by Wednesday afternoon, but it would be a good idea to keep a close eye on rates today and going forward so you can hop on any opportunities that open up to your borrowers, who could potentially benefit from this.