The longest drumroll in the 102-year history of the FederalReserve precedes its next interest-rate increase. That doesn't meansome of its effects won't be surprising.
“This is a major inflection point,” said Erik Davidson, chiefinvestment officer for Wells Fargo & Co.'s private bank. “Theend of free money is in sight.”
The policy-setting Federal Open Market Committee meets thisweek. It's expected to push the “liftoff” of interest rates till atleast September. In preparation, here are some expected winners andlosers and those whose fortunes are likely to stay steady after theFed and its chair, Janet Yellen, raise the benchmark rate for thefirst time since 2006:
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
