Money in Your Pocket: Are interest rates headed up?

Local News

As we head into June, the big question is if we’re due for an interest rate increase.

In the opinion of financial adviser Rick Reagan, the answer is yes.

Looking at worldwide economies, our central bank, the Federal Reserve, is headed in an entirely different direction.

Back to 2013, the U.S. has raised rates 3 times.  We’re it.

Every other major central bank has been lowering rates.  As many at 6 rate decreases over the past 4 years in places like Australia and China.

Our central bank is certainly marching to its own drummer.  Rick Reagan feels that’s a good thing because it means our economy is getting stronger and can finally start to raise rates.
 

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Live Doppler 9 Map Center

CNY View

CNY View

CNY View

Oswego Area

Oswego Area

Syracuse Area

Syracuse Area