Fed raises rates as it weighs tighter money over the next few years
Thursday, March 22, 2018 | Tag Cloud Tags: Federal Reserve, ISIS, News, Washington, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs! | Printer Friendly
(Worthy News) – The Federal Reserve announced an increase in its target interest rate Wednesday afternoon, continuing its careful efforts to withdraw its crisis-era stimulus measures, while also hinting at faster rate hikes over the next two years.
The central bank raised its target for short term interest rates by a quarter percentage point to between 1.5 percent and 1.75, the sixth such hike of the recovery.
“The economic outlook has strengthened in recent months,” members of the monetary policy committee said in a statement wrapping up their two-day meeting, the first of Chairman Jerome Powell’s tenure. [ Source: Washington Examiner (Read More…) ]
Latest Worthy News
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.