Federal Open Market Committee<\/a> to take such a step\u2014which would raise the cost of borrowing for real estate deals, among many other impacts\u2014but the committee did leave the door open for hikes later this year.<\/p>\nAmong other things, the FOMC said that “job gains were strong in June following weak growth in May. On balance, payrolls and other labor market indicators point to some increase in labor utilization in recent months. Household spending has been growing strongly but business fixed investment has been soft…Near-term risks to the economic outlook have diminished.”<\/p>\n
The FOMC statement was, in fact, as upbeat as these kinds of statements get. The last time that happened was in April, when a rate hike in June was possible. That didn’t happen because of international jitters and some domestic economic metrics that were disappointing during the spring.<\/p>\n
The next FOMC meeting will be in late September, with two U.S. employment reports between now and then, along with other data releases, such as second-quarter GDP. But that might be too soon for a hike; there will also be meetings in November and December, one of which might be more likely to see a rise.<\/p>\n","protected":false},"excerpt":{"rendered":"
The FOMC unsurprisingly decided against an interest rate hike at their latest meeting in July, but they left the door open for a potential hike before the year’s up. <\/p>\n","protected":false},"author":1023,"featured_media":1004506082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[],"class_list":["post-1004149050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest"],"acf":[],"yoast_head":"\n
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