For all the prior forecasting we’re on new ground and the wise and the weary are working out what it all means
Here’s some of the early reactions so far
reportedly became the first to raise their prime rate (benchmark lending rate) to 3.5%. Banks don’t often move that quick on rate changes. The fact rates are going up will obviously mean they’ll be quicker to keep that margin. They won’t be changing their standard deposit rate though, so savers are out of luck
As the Fed enters a new chapter of monetary policy what does it all mean?
