The prime rate in the US is now at four-point seven five percent, and the Federal Reserve may raise the rate several more times this year.
South Dakota Bankers Association President Curt Everson says the Fed has been pretty open about their strategy…….
Everson says there are costs and benefits to rate hikes……
Everson says even with the rate increase, most loans are still pretty reasonable…..
Most financial analysts expect up to three more rate hikes this year.
