NAFCU Chief Economist: Barring major meltdown, December rate hike nearly assured
NAFCU expects interest rates to rise at least through mid-2019
WASHINGTON, DC (September 26, 2018) — 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.
The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation’s federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go to www.nafcu.org or @NAFCU on Twitter.