Ep. 19: Major League - The Fed Has Its Own Streak To Break
Offbeat Wall Street
English - October 29, 2016 19:00 - 11 minutes - 9.58 MB - ★★★★★ - 2 ratingsInvesting Business finance wall street retirement investing stock market business federal reserve money bonds economy Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
This year's World Series has two teams that have not won a championship in decades. Between the Cubs and the Indians there is 176 years of collective futility. One of those streaks is coming to an end.
The Federal Reserve has been holding rate steady for a long time. Not as long as the Cubs and Indians have been waiting for a Series title - but it's been a while.
The Fed is meeting this week. Pressure has been mounting for the central bank to raise rates. It's not likely to happen this week, but an increase is likely relatively soon.
We take a look at where the Fed stands and when that rate hike is likely. We also check in with the election, with earnings season and with the economy.