Did You Know?

DID YOU KNOW? Fed officials are prepared to lower their benchmark rate by a quarter percentage point from its current range between 2.25% and 2.5%. Inflation targets of 2% have not been met. When the Fed began raising rates in late 2015, officials estimated that this natural rate was somewhere between 4.8% and 5%. At the time, the national unemployment rate was 5%. Even though inflation kept running mostly below 2%, officials slowly raised rates because they believed price pressures would ultimately rise. Instead, inflation remains below target, even though unemployment has been at or below 4% for more than 12 months. (WSJ)

DID YOU KNOW? The real estate industry is the only asset class – maybe other than high art – where only 5% of the assets turn over each year. (INMAN)

DID YOU KNOW? The $100 bill emerged as the most widely circulated currency in the world, overtaking the $1 bill for the first time ever. An estimated 80% are held abroad, compared to more than 60% of all U.S. bills being held overseas, up from 30% in 1980. (Marketwatch)

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