As we surpass the halfway mark of 2023, the lingering question remains whether a recession is on the horizon. Current short-term interest rates are now higher than long-term rates. Historically, that relationship has been a recession indicator. Interest rate increases implemented by the Federal … [Read more...] about Economic Outlook – Mid-2023
The Federal Reserve aggressively raised its key federal funds rate seven times in 2022 in an effort to slow down the economy and moderate price growth. However, these actions also had the effect of more than doubling the prime rate, an interest rate set by banks and other lending institutions that … [Read more...] about Switch to a Fixed-Rate Loan – or Not?