Members of the long-term care (LTC) planning community celebrated last week when interest rates started to creep up out of the bowels of the Earth.
The Federal Open Market Committee (FOMC) said it was increasing the federal funds rate 0.25 percentage points, to 0.5 percent.
The Federal Reserve Board increased the federal discount rate 0.25 percentage points, to 1 percent.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
