In the midst of the 9th straight year of economic expansion, the second longest in US history, there is still uncertainty as to when this record-setting phase will come to an end. For the third time this year, the Federal Reserve raised the federal funds rate by 25 basis points bringing the rate to 2.25 percent. One more increase is expected this year, with many officials expecting three raises in 2019 and one in 2020. The raises help to get the rate back to a debatable “neutral” position after the Fed dropped the rate to effectively zero during the recession. With unemployment at its lowest level since 2000, measurable job growth, consumer spending up and wages reaching their highest levels since the recession, the economy appears to be in a strong and stable state. Even GDP growth has picked up.