Federal Reserve Says No Rate Hikes, 2.1% GDP Growth In 2019


(Worthy News) – The Federal Open Market Committee (FOMC) concluded its meeting at 2 PM ET today and announced that the Federal Reserve would not raise fed fund rates. The revised dot plot—which records individual committee members’ projections for where interest rates will be at year-end—indicated that the Fed will pause any further rate hikes until 2020.

Nine members moved their dots to predict zero hikes in 2019, joining two members who already shared that dovish view.

The decision to pause rate increases comes amid a significant downward revision to gross domestic product (GDP) growth projections: the Fed said it now expects the U.S. economy to grow at a rate of 2.1 percent this year, lower than the 2.3 percent it had projected at the December meeting. [ Source: Yahoo (Read More…) ]

We're being CENSORED ... HELP get the WORD OUT! SHARE!!!

Latest Worthy News

Trump Lifts Longstanding U.S. Sanctions on Syria, Paving Way for New Diplomatic Era
Israel, Syria in Advanced Talks as Trump Administration Eyes New Abraham Accords Members
Senate Kicks Off Final Push on Trump’s “One Big Beautiful Bill Act” Amid GOP Divisions and Deadline Pressure
Trump Demands Netanyahu Charges Be Dropped, Slams Trial as Threat to Regional Peace Talks
Trump Denies Talks with Iran, Declares Nuclear Program ‘Obliterated’
Iranian Ayatollah Issues Fatwa Declaring Trump and Netanyahu ‘Enemies of God’ Following Conflict
Hundreds Storm Indonesia House Church
Russia Launches Largest Air Attack
Orbán Condemns Budapest Pride as ‘Disgusting’, Blames EU and Opposition
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