Federal Reserve raises rates, over Trump protests, but signals it will slow rate hikes in 2019


(Worthy News) – Federal Reserve officials voted Wednesday to raise the central bank’s interest rate target, the fourth such rate increase of the year, but also signaled that they will slow the pace of rate hikes in 2019.

The central bank also lowered initial estimates for economic growth in 2018, and tempered its outlook for U.S. economic growth in 2019.

“Over the past year the economy has been growing at a strong pace, the unemployment rate has been near record lows, and inflation has been low and stable,” Federal Reserve chairman Jerome Powell said at a press conference. “All of those things remain true today.” [ Source: Washington Times (Read More…) ]

12
people are currently praying.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Latest Worthy News

Unemployment Dips to 4.2 Percent as Hiring Slows Sharply in June
GOP Hardliners Vow To Blockade Must-pass Bills Unless Voter ID Demands Met
Iran Threatens U.S., Israel Ahead of Khamenei State Funeral; Warns Tankers in Hormuz
Russian Attack Destroys Red Cross Aid Hub In Deadliest Kyiv Strike This Year
Dutch Government Faces Pressure As More Municipalities Resist Asylum Centers
French Government Under Pressure As Wildfires Force Mass Evacuations
Israel’s Armenian Genocide Recognition Sparks Turkish Anger Ahead Of NATO Summit
Israel Marks 1,000 Days Since October 7 Massacre With Protests, Memorials, and Demands for Accountability
Trump Administration Moves To Shield Farmers And Ranchers From ‘Weaponized’ Lawfare
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.

Worthy Christian News