Jeffrey Rosenkranz Joins GOBankingRates to Discuss the Recent Rate Hike
As was widely expected, the Federal Reserve said it will raise interest rates by three-quarters of a percentage point, in a back-to-back move, following last month’s historic rate hike. “The statement was little changed from the previous one, although there is a reiteration that the labor market is strong and job gains remain robust. This reminds us that the job of conquering inflation is not finished, even though they acknowledge that recent indicators of spending and production have slowed,” says Jeffrey Rosenkranz, portfolio manager, Shelton Capital Management.
Read the whole article here: Fed Raises Interest Rates 75 Basis Points Again in July – What Does The Increase Mean for You?
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