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NAFCU Chief Economist: Barring major meltdown, December rate hike nearly assured

NAFCU expects interest rates to rise at least through mid-2019

The National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist Curt Long issued the following statement in response to the Federal Reserve’s decision to raise interest rates:

“The Fed’s decision was widely expected, and barring a major meltdown between now and December, another hike is nearly assured. Despite a number of risks, the economy is on fairly solid footing, and inflation is ticking upward. As a result, NAFCU expects quarterly rate increases to continue at least through mid-2019,” said NAFCU Chief Economist Curt Long.

NAFCU

We provide credit unions with the best federal advocacy, education and compliance assistance in the industry. The National Association of Federally-Insured Credit Unions (NAFCU) is a direct membership association for federally insured credit unions. We are committed to representing, assisting, educating and informing our member credit unions to help them grow, and help grow the credit union industry. Over the years we have been able to build on our foundation, growing stronger with our members and steadfast in our beliefs and focus: providing unwavering federal advocacy, top-rated education, one-of-a-kind compliance assistance and supreme responsiveness. Why? Because we believe credit unions are the best and they deserve the best.  

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