The Federal Reserve (Fed) met strong third quarter GDP and an improving labor market by increasing the Federal Funds Rate (FF) to 0.50 - 0.75%, from 0.25 - 0.50%. At the December 14, 2016, Federal Reserve (Fed) Open Market Committee meeting, the Fed released the following statement, in part: “In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate... The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a return to 2% inflation.”
Information contained herein was obtained from recognized statistical services and other sources believed to be reliable and we therefore cannot make any representation as to its completeness or accuracy. Any statements not of a factual nature constitute opinions which are subject to change without notice.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Saratoga Advantage Trust mutual funds. This and other important information about the Saratoga Advantage Trust's funds is contained in the prospectus, which can be obtained by clicking here, or by calling (800) 807-FUND, and which should be read carefully before investing. The Saratoga Advantage Trust's funds are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Saratoga Capital Management, LLC is not affiliated with Northern Lights Distributors, LLC. 1/16 © Saratoga Capital Management, LLC; All Rights Reserved.