For years, Americans have been told that higher interest rates are coming, eventually. Federal Reserve Chair Janet Yellen and the Fed's Open Market Committee may now be getting ready to lift rates off the floor, probably by a quarter of a percentage point from their current range of 0 percent to 0.25 percent. It could happen at the Fed’s meeting on Thursday. Or maybe the Fed will wait again.
“It’s this unicorn, this mythical creature that’s out there,” said Maggie Kirchhoff, a financial planner with Wisdom Wealth Strategies in Denver. “It may exist, and it may arrive, but you’re not sure when.”
13:48 Wells Fargo Profit Falls 5.4% as Mortgage Revenue Declines23
12:23 Sterling volatile as market speculates on ‘hard Brexit’; investors await May's speech10
13:21 Bank of America profits surge on cost cuts, trading gains24
13:16 Wells Fargo earnings: 96 cents per share, vs. expected EPS of $120