REAL ESTATE September 21, 2017

Fed signals December rate Increase!

* The Federal Reserve noted the impact of three recent hurricanes, including one that was striking Puerto Rico on Wednesday, but said the storms would weigh on the economy only briefly.


Nearly a decade after the Federal Reserve embarked on an unprecedented effort to shore up the collapsing American economy, the central bank said on Wednesday that it would begin withdrawing some of the trillions of dollars it invested in the wake of the 2008 financial crisis.

The decision, while widely expected, is nevertheless a significant sign that the Fed is confident that economic growth and low unemployment will continue. In other words, the central bank believes that America economy has emerged safely from the crisis.


Higman Real Estate Team

Paula Higman 
Director of Luxury Sales
Engel & Völkers U.S. Holding, Inc.
Mobile: 1-435-602-8228
FAX: 1-435-214-7091
Mail to: paula@higmanluxuryrealestate.com
Member of the Park City Board of REALTOR®
Member of the National Board of REALTOR®
ENGEL & VÖLKERS – PARK CITY