Trades react to the Fed’s long-awaited interest rate raise announcement, which takes effect Dec. 17.
The Fed Funds target rate rises to 0.25% to 0.50%.
Two out of three IRR guidance possibilities require additional capital from credit unions.
Federal Reserve Chairman fields hostile questions on interest rates and regulatory burdens during a hearing.
Federal Reserve chairman says an increase will be considered at some point on a meeting-by-meeting basis.
Read how credit unions are addressing future rate hikes as they plan for the future.
Financial analyst says rate lift of any kind may still be months away.
Credit unions should have a firm idea of effect on income statements, balance sheets.
Economic experts disagree that the Fed is on the right track.
NCUA Chief Economist John Worth talks about economic recovery and its effect on interest rate risk in new video.