MFA Musings: 7/22/19
FOMC rate cut?
When I was a kid, I can remember my Father saying, “Just relax and hold on a second.” I now laugh as I hear myself say the same words to my daughter. It is the full circle.
With the “just relax” statement in mind, I think of the FOMC, Federal Funds futures, and the media. We have gone from a “guaranteed three rate cuts in 2019” to now, the Federal Reserve governor (Rosengren) stating that “there is no reason for the FOMC to cut rates.”
As the hot summer winds blow here in Detroit, I remember to relax and enjoy the summer. Normally the wind is coming from TV pundits and economists. Therefore, I am turning off the TV until August. There is still a lot of unknowns, so don’t make a bet today.
Contact your MFA advisor to discuss ways to grow profitability with an inverted yield curve. All of us at McQueen Financial are dedicated to your long-term success.
Have a great week!