Tag: <span>#FederalFundsRate</span>

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COMMERCIAL LENDING UPDATE

The FOMC raised the target federal funds by 25 bps earlier this month to a range of 1.75-2.00 %, and projected a third and fourth rate hike later this year, read that to be Sept and Dec. This sending the prime rate to 5%, and jacking up variable rate loans by ¼ point. The Fed...

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COMMERCIAL LENDING UPDATE

Many experts have been more bullish in their approach to increases to the Federal Funds rate in 2018, forecasting a total of four rate hikes for the year. And after the administration passed tax reform at the end of last year, experts again forecasted an increase in the Federal Funds rate, saying it could cause...