Powell is probably setting the stage for the end of once-a-quarter rate hikes sometime next year. Whether the Fed will raise rates four more times next year or stop earlier than that – is the real question. December is here and there might me another hike in March, but the September 2019 hike looks to be off the table. Read more on Kiplinger.
David Cockfield on Interest Rates
For now there’s a little fear from inflation, but it is still harder for things to move forward. With interest rates at 3% stocks should do fine, but we still have to look closely at yield curve.