PHILADELPHIA, Pa.—Financial expert and nationally syndicated host Dan Celia says the Federal Reserve is very likely to announce at 2 p.m. tomorrow, March 15, that it is raising interest rates. Celia says the move is a long time coming. “To me, it’s a given that the Fed will raise rates tomorrow afternoon,” Celia said. “Some are wondering how the markets will react, and it will be interesting to find out on Thursday. I believe this is already factored in; if not, it would be very odd. What we will discover—again—is just how irrelevant the Federal Reserve is. If they raise rates—and they should, they have needed to raise rates for four years—it will mean a stronger dollar. Unfortunately, it may hurt precious metals and perhaps some other commodities, but we will know more by the end of this week.”
View this video from Celia, who leads Financial Issues Stewardship Ministries (FISM, www.financialissues.org). Read more about Celia, FISM and the “Financial Issues” program here. Visit the Financial Issues Stewardship Ministries web site at www.financialissues.org, its Facebook page, on YouTube at Financial Issues with Dan Celia or on Twitter @financialissues.
To interview Dan Celia of Financial Issues Stewardship Ministries, contact Jen Retallick, 610-584-1096, x100, Media@HamiltonStrategies.com, or Deborah Hamilton, 215-815-7716 or 610-584-1096, x102.