I think that they will remain steady for a little bit with slow rise increments as we have been seeing. Hopefully we will not get up to the 13% level like in the 80's, that would be interesting.
Historically during an upcoming Presidential election we see interest rates rise. I believe we will continue to see rates go up on average a quarter point every meeting. Depending on who the canidates are for the election we could see them stay at that quarter point increase per meeting or they could increase even higher.
If Wall Street has a problem with one of the canidates we will see interest rates increase to maybe 8 % to 8.5%. After the new President is elected if Wall Street is happy with their policies we will see rates start to decrease, if they are not happy we could see interest rates go up to maybe 10%..IMHO
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According to the news they are expecting at least 1 more rise in the next few months.
They are also warning that many people are going to get there houses repossessed as a result of this.
Interest Rate Predictions...
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