Will interest rates increase in 2015? I have an opinion..........as usual. I doubt it. Why?
The Fed has only a few with the power to vote. The conservative members out number the aggressive members 7 to 2.
Jobs: the latest jobs report was good and unemployment was low. The next report will not be as self serving for the current administration as the last report.
We had seasonal workers enter the job market 4th quarter for the holidays and we now have lost jobs in the oil industry that will trickle down throughout the year.
Expect rates to remain relatively flat through 2015 and could get more attractive as the year progresses. Inflation is non-existent so there is no real reason to raise rates.
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