Will the Federal Reserve Raise Interest Rate This Week?🌟🌟🌟 All eyes will be on Fed Chair Kevin Warsh on Thursday Octo…
Will the Federal Reserve Raise Interest Rate This Week?
🌟🌟🌟 All eyes will be on Fed Chair Kevin Warsh on Thursday October 29. He has made it clear the inflation is a stubborn beast. This means there maybe a rate hike before the end of December.
According to Wall Street analysts and Reuters, the Federal Reserve is expected to skip raising interest rates at this meeting but the market is pricing a 88% probability of a year end rate hike.
The market finished in the red last week due to a double whammy of a severe tech selloff and a sharp spike in global oil prices.
Nonetheless I will continue to dollar cost average $State Street Portfolio S&P 500 ETF - SPDR(SPYM.US)because market volatility is exactly when dollar cost averaging or DCA does its best work.
By buying SPYM, I have instant access to the best 500 US companies that track the S&P500. The expense ratio is the lowest at 0.02%. I am betting on the long term resilience of the entire US economy, not just a single sector.
Investing can be so simple with a great index ETF like SPYM.
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