Rate Hike Coming In December? Financial ETFs & Stocks To Buy

As expected, the Fed kept the short-term interest rates steady at its two-day FOMC meeting concluded Friday but hinted at a December lift-off. The Fed stated  that it will “assess progress toward its goals of maximum employment and 2% annual inflation” in determining whether to increase the interest rates for the first time in almost a decade at its next meeting on December 15–16.

The central bank downplayed its previous expectations of global market turbulence as potential restraints to economic activity and inflation. Instead, it cited that recent headwinds are fading with substantial positive developments seen in the global economy and financial market lately. In particular, the Chinese economy is showing signs of stabilization on the back of better-than-expected GDP growth data and another rate cut while the Japanese and European central banks are taking additional stimulus measures to revive their economies (read: Time for China ETFs?).