RCF Economic Update and Forecast Summary – October 2013


  • Economy is hamstrung by a host of policy uncertainties – government shutdown, debt
    ceiling, and timing of Fed tapering.
  •   After rising sharply from May through August, interest rates fell in September; however, we expect rates to resume upward trend once budget issues are resolved.
  • We believe the current weakness in the economy is a short-term problem; thus, there is a window of opportunity to take advantage of what we expect to also be a short-term dip in interest rates.

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