'Smart Money' on Interest Rates
“Smart money” is an expression that often refers to experts and suggests that well-informed people have a better perspective on current events and what actions to take. However, there’s little evidence to suggest that “smart money” performs any better.
Still, some “experts” can be confident enough to take action based on their belief or opinion.
As a reminder, the current target Federal Funds rate is 2.25% to 2.5%. At this point, smart money appears to favor a 0.5% increase over a 0.75% bump at the September 21 meeting. But remember, these percentages can change as quickly as the fluctuating economy.
There are many data points I look at when considering what’s next for markets and trying to time the peaks and valleys perfectly is a dangerous game. For my clients, the smartest move is to make sure you’re on track with the investment objectives we’ve already developed together.
Mary may be reached at (520) 495-2800 or Mary@schulzfinancialgroup.com.
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Securities and advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC.
This material was prepared by MarketingPro, Inc. for use by Mary Schulz