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Time to Buy? Consider the Fed and Interest Rates

The Board of Governors of the Federal Reserve meets to discuss economic policy on about eight pre-set dates throughout the year (roughly every 5-8 weeks). This board determines benchmark interest rates that ultimately impact consumer rates. At the last meeting in September, the Federal Reserve decided to leave interest rates unchanged.

In all but one of the last 23 Federal Open Market Committee (FOMC) sessions, interest rates have remained unchanged. At year-end 2015, the Fed imposed a .25 basis point increase while optimistically forecasting subsequent rate hikes. However, the Fed altered its tone just 60 days later (in February 2016,…

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