Fed Signals December Hike: Top 5 Winners
Zacks Investment Research | Nov 09, 2018 06:55AM ET
The Fed, with a 9-0 decision, left benchmark federal funds rate unchanged this month but sees near-perfect economic environment to keep gradually increasing rates. Fed officials have, thus, kept the door open to a fourth hike this year, in December.
This calls for investing in banks, insurance and brokerage houses as such institutions will see a ramp-up in profits on steady interest rate hikes and stable economic conditions.
Fed Remains Slightly Hawkish
The policymaking Federal Open Market Committee meeting, as widely expected, unanimously held federal funds rates steady at the range of 2% to 2.25%. Rates, thus, remained at its highest levels since October 2008, just after the collapse of Lehman Brothers (read more: Zacks Investment Research
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