Locking In Short-Term Rates for Reinvestment of Bond Proceeds
Georgina Walleshauser
July 28, 2023
The Federal Reserve raised interest rates again this week by 0.25%, bringing borrowing costs to their highest levels in over 22 years. While it’s possible that rates could be increased again in the next Fed meeting in September, the current market census (according to the Bloomberg Weighted Average Fed Target Upper Bound economic forecast shown below) is that this rate hike may be the last increase in the near future