Catching up on my reading, I noticed a piece in USA Today stating that Federal Reserve Vice Chairman Stanley Fischer said Friday that the case for raising interest rates gradually "is quite strong."
More fuel to bolster my opinion that the rate hikes are coming.
In the first remarks by a Fed policymaker since the election, Fischer didn't specifically address the vote or whether the Fed will lift its key rate at a mid-December meeting. But in a speech he delivered at an event in Chile, he didn't give any indication the Fed's roadmap has been altered."
"In my view, the Fed appears reasonabl close to achieving both inflation and employment components of its mandate," Fischer said. "Accordingly, the case for (raising interest rates) gradually is quite strong, keeping in mind that the future is uncertain and that monetary policy is not a preset course."
Again, if you are a buyer, LOCK IN YOUR RATES. If you are thinking about buying, get in touch with your lender NOW to get the ball rolling.
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