Weekly Update:

Good afternoon,

The Fed raised the Fed Fund target rate a quarter point to 2.25% – 2.50%! This is their fourth increase this year.

Although the increase was widely expected, their statement has become more dovish than prior statements. Their statement acknowledges some weakness in the economy and their willingness to be more patient in 2019.

Here at McQueen we are seeing low inflation, softening real estate markets, projected lower growth in the US for 2019, and weakening International markets which give us reason to think the Fed should pause on further rate increases.

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