OH OH ….this is what I have been telling my buyers fo a while The following is from the FEDERAL FED FUND meeting minutes from end of September 2018, iF YOU HAVE ANY QUESTIONS OR NEED GUIDANCE, CALL ME 703-798-8034
• In a related action, the Board of Governors of the Federal Reserve System voted
unanimously to approve a 1/4 percentage point .25 increase in the primary credit rate to 2.75 percent, effective September 27, 2018. In taking this action, the Board approved requests to establish that rate submitted by the Boards of Directors of the Federal Reserve
Banks of Boston, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis,
Kansas City, Dallas, and San Francisco.
This information will be updated as appropriate to reflect decisions of the Federal Open Market
Committee or the Board of Governors regarding details of the Federal Reserve’s operational
tools and approach used to implement monetary policy.
More information regarding open market operations and reinvestments may be found on the
Federal Reserve Bank of New York’s website