Milepost co-founder and CEO Steven Abrahams writes on the Fed's long, low rate path and the challenges of managing a bank along the way.
The days of huge Fed rate hikes are over
Despite the disappointing jobs numbers reported Friday, Federal Reserve Board Chair Janet Yellen made clear in comments last week that a rate hike is coming. While the slowdown in hiring reported for May reduces the likelihood of an immediate rise in rates, it is still a question of when -- not if -- rates will go up. But before banks place their bets on higher interest-related revenue, let's try to put the prospect of a rate hike in perspective. This is still not Alan Greenspan's Federal Reserve.
Read the full piece in American Banker here.