The federal reserve meets again later this month to make a decision about interest rates. There are 8 scheduled meetings each year; this will mark the 6th of those 8 scheduled meetings. While most of us read about the results from headlines on the news or media online, the fed does publish the official reports on the Board of Governors website.
Here is the link to the FOMC – https://www.federalreserve.gov/monetarypolicy/fomc.htm.
We also had the chance to talk with one of our institutional bond traders, and listen to his forecast about interest rates. They noted, as the 2-year and 10-year treasury yields narrow, inflation numbers are near fed targets, and jobs numbers continue to improve, they feel the fed may be near the end of their rate raising cycle. While most are predicting the fed to raise rates in September, the meetings to follow could cause for a pause or slowing of raising rates going forward.