Well, we all knew the end of high rates was coming, sometime, but it now appears that the Fed has pulled off the soft landing and that rate hikes are coming sometime soon.
There is no question that now is an extremely good time to lock in higher rates on fixed income. No matter if you are looking for immediate pay, or long term lump sums, or deferred start income streams, these ARE the good ol’ days!
Here’s what Bloomberg had to say today:
US Federal Reserve Chair Jerome Powell suggested the central bank is getting close to the confidence it needs to start lowering interest rates. “We’re waiting to become more confident that inflation is moving sustainably at 2%,” Powell said Thursday in an appearance before the Senate Banking Committee. “When we do get that confidence—and we’re not far from it—it’ll be appropriate to begin to dial back the level of restriction.” The stock market reacted happily.
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Nathaniel M. Pulsifer, Owner of DCF Annuities
(800) 246-1932 | [email protected] | Linkedin
