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The Week Ahead: Rate Hike Inevitable?

This week, the Federal Housing Market Committee will have its last meeting of the year and many market watchers also anticipate a final interest rate hike of 2018. Despite expectations, however, President Donald Trump has appealed to the Committee to hold.

You have to understand, we're fighting some trade battles and we're winning. But I need accommodation too," said President Trump, referencing ongoing negotiations with China.

In public comments, Fed Chairman Jerome Powell has remained firm that the hikes are needed and necessary. “Sound policymaking is as much about managing risks as it is about responding to the baseline forecast,” Powell said.

The Fed’s final decision will be announced Wednesday at 2 p.m. EST.

Here’s what else is coming in the week ahead:

About Author: Rachel Williams

Rachel Williams attended Texas Christian University (TCU), where she graduated Magna Cum Laude with a dual Bachelor of Arts in English and History. Williams is a member of Phi Beta Kappa , widely recognized as the nation’s most prestigious honor society. Subsequent to graduating from TCU, Williams joined the Five Star Institute as an editorial intern, advancing to staff writer, associate editor and is currently the editor in chief and head of corporate communications. She has over a decade of editorial experience with a primary focus on the U.S. residential mortgage industry and financial markets. Williams resides in Dallas, Texas with her husband. She can be reached at Rachel.Williams@theMReport.com.
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