WASHINGTON, DC (November 8, 2018) — The National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist Curt Long issued the following statement after the conclusion of the Federal Reserve’s November Federal Open Market Committee meeting:
“There were no substantive changes in the FOMC’s statement as compared to the previous one in September. The economy remains on solid footing overall, the labor market is strong, and inflation has settled near the Fed’s target. These conditions should allow the Fed to maintain its once-per-quarter pace of rate hikes, with the next one coming in December,” says 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.
