MFA Musings: 9/16/19
Uncertainty is in full swing, on this Monday morning. We are seeing the videos of fires and billowing black smoke over the desert. The hit to the oil infostructure in Saudi Arabia is significant. And, the USA is a net oil exporter. So, the changes in oil production will cause increases in pricing, but they will not disrupt our supply.
Other issues boiling up this weekend include the UAW going to strike against GM. I hope that this not the beginning of labor and management struggles. And speaking of struggles, the FOMC meets this Wednesday (September 18), and we expect a 0.25% reduction in the Federal Funds rate and the Prime rate.
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!