Dec 13, 2016
A Fed rate hike this week is likely — but what lies ahead for 2017?
When it comes to interest rate hikes, it’s never a done deal until it’s actually done. However, it’s a near certainty that the Fed will raise rates when it meets today and tomorrow. What the interest rate outlook will be for 2017, under a Trump presidency, is far less clear.
Federal Reserve Chair Janet Yellen testifies before the Joint Economic Committee of Congress on Capitol Hill in Washington, D.C. on Nov. 17. In mid-November, Yellen confirmed that a hike in federal interest rates was on its way soon.
JIM WATSON/AFP/Getty Images
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