Fed Tightens Again but Provides a More Dovish Tone Regarding Future Rate Hikes
While the rate hike outlook has become more uncertain over the past several months, it was still largely expected that the Federal Open Market Committee would raise its target rate at its December meeting. The FOMC did not disappoint and voted to raise its target rate range to 2.25%-2.5%. The vote was unanimous. There was again a slight change in the language of the release as well as a more dovish looking dot plot. The FOMC’s statement maintained its language that further hikes would be gradual...BB&T is a financial holding company. Through its bank subsidiary, Branch Banking and Trust Company, the company provides banking services to individuals, businesses and municipalities. The company provides loans and lease financing, including commercial and residential mortgages; permanent commercial real estate financing arrangements; loan servicing for third-party investors; direct consumer finance loans to individuals; credit card lending; automobile financing; and equipment financing. The company also provides other services, including deposits; discount and brokerage, annuities and mutual funds; life insurance, property and casualty insurance, health insurance and commercial general liability insurance.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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