News & Events


Many believed that the Federal Reserve would raise interest rates in June, but a recent May hiring report from the Bureau of Labor Statistics indicates that may not be the case. The report from the Bureau showed that just 38,000 jobs were added to the US economy in May, the lowest monthly job gain since September 2010. As a result, the probability of a June rate raise fell to around five percent; but unless there are other signs of economic weakness, most economists expect at least one rate increase before the end of 2016.