This week the Federal Reserve raised its benchmark rate by a quarter point to 3-3/4 to 4 percent on September 16, its first hike in over three years. On this episode of On The Markets, we break down why that move is making borrowing more expensive for mortgages, credit cards, and business loans. We will unpack what the Fed is signaling on inflation and what it means for your wallet and portfolio.
This week Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Marketing Director Dano Weir:
• Rates are going up. How did the treasury market react?
• Do treasuries even matter? Why American households are more overweight in
another asset class more than ever before.
• Conventional wisdom says rates up-market down...then why does Daren say “September’s alright so far”?