Fed Rate Hike Awaits Improving Labor Market
October 13, 2015 by Linda Koco
The life and annuity business has its fingers crossed, hoping that interest rates will start going up this year, albeit “not too high and not too fast.”
No one needs to fret about that last part because, as the world knows, the September meeting of the Federal Reserve Board’s Federal Open Market Committee (FOMC) came and went with no increase at all.
Still, the Fed is signaling that it is aware of mounting buzz around a possible increase, and around its recent decision to hold the line a while longer.
Wink’s Note: InsuranceNewsNet articles may require a subscription to view