Smart Money on Interest Rates
Provided by MidAmerica Financial Resources
Have you ever heard the expression, “What’s the smart money doing?”
“Smart money” is an expression that often refers to experts and suggests that well-informed people have a better perspective on current events and what actions to take. However, there’s little evidence to suggest that “smart money” performs any better.
Still, some “experts” can be confident enough to take action based on their belief or opinion.
As a reminder, the current target Federal Funds rate is 2.25% to 2.5%. At this point, smart money appears to favor a 0.5% increase over a 0.75% bump at the September 21 meeting. But remember, these percentages can change as quickly as the fluctuating economy.
There are many data points we look at when considering what’s next for markets. But for you, the smartest move is to make sure you’re on track with the investment goals.
MidAmerica Financial Resources may be reached at 618.548.4777 or greg.malan@lpl.com www.mid-america.us
Securities and advisory services offered through LPL Financial, a Registered Investment Adviser, Member FINRA/SIPC.
MidAmerica Financial Resources and Malan Financial Group are separate and unrelated companies to LPL.
This material was prepared by MarketingPro, Inc. for use by MidAmerica Financial Resources.
