Rate Hike Underway

December 21, 2015

At its December 16th FOMC (Federal Open Market Committee) meeting, the Federal Reserve announced a 25 basis point hike to the Federal Funds Rate, which sets broad market short-term interest rates. This move effectively ends the long-standing Zero Interest Rate Policy (“ZIRP”) that has been in place since 2008. In addition to signaling that future rate hikes will remain gradual and data-dependent, the Fed provided guidance of a targeted additional 100 basis point raise throughout 2016.

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The opinions expressed herein are those of Marquette Associates, Inc. (“Marquette”), and are subject to change without notice. This material is not financial advice or an offer to purchase or sell any product. Marquette reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs.

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