John Norris: Why interest in higher interest?

groundhog-day_02After weeks of buildup and endless discussion, the Fed didn’t raise interest rates this week. What now?

The markets had been on pins and needles in anticipation of this past Fed meeting, and what did they get? Well, not much more than what everyone already knew. The powers that be acknowledged the domestic economy is doing reasonably well, but things look a little dicey elsewhere. So, they didn’t make any real changes to anything other than the verbiage of their official statement. (Read the full article as previously published in the Montgomery Advertiser Sunday Sept 20th…)

The opinions expressed within this report are those of John Norris as of the initial publication of this blog. They are subject to change without notice, and do not necessarily reflect the views of Oakworth Capital Bank, its directors, shareholders, and employees.