Source: AGWEB, 7/9/18


The Federal Reserve has been open about their intention to increase interest rates gradually throughout 2018. However, with the unemployment rate at an all-time low—just 3.8%—and key sectors of the economy booming (think: housing), the frequency of increases could change. With that in mind, now is a smart time to discuss a lower rate with your banker. “Given the increased expectations for the U.S. economy, attention has now turned to whether the Federal Reserve Board of Governors (FRB) will respond by raising interest rates more quickly,” says Jackson Takach, an economist at Farmer Mac.

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