DOES THIS MEAN MY SAVINGS ACCOUNT WILL COLLECT INTEREST AGAIN? Interest rates remained around 0% throughout the Obama years. The Fed is now making noises that we should expect at least two hikes in the next year.
Wall Street is already expecting a Federal Reserve rate hike in December, and now the central bank is indicating it wants investors to turn their focus to next year, former Dallas Fed advisor Danielle DiMartino Booth told CNBC on Wednesday.
"They are shifting the goal post for, I think, the investing public to begin to concentrate on what kind of signals we are going to get ... at the press conference that follows the December meeting about the number of rate hikes we might see in 2017," she said in an interview with "Power Lunch."
"The focus has shifted well beyond December."