Political Wrinkles  

Go Back   Political Wrinkles > Political Forums > Economics
Register FAQDonate PW Store PW Trivia Members List Calendar Search Today's Posts Mark Forums Read

Economics Discuss Trumps interest rate hikes at the Political Forums; Originally Posted by saltwn The Federal Reserve raised interest rates Wednesday for the fourth time this year, but signaled a ...

Share LinkBack Thread Tools Display Modes
  #11 (permalink)  
Old 12-23-2018, 08:48 AM
PW Enlightenment
Join Date: Apr 2013
Gender: Male
Posts: 12,484
Thanks: 10,160
Thanked 8,354 Times in 4,954 Posts
Default Re: Trumps interest rate hikes

Originally Posted by saltwn View Post

The Federal Reserve raised interest rates Wednesday for the fourth time this year, but signaled a more patient approach raising rates next year amid signs that the economy is starting to weaken.

Central bankers unanimously agreed under Chairman Jerome Powell to lift the federal funds rate, which controls the cost of mortgages, credit cards and other borrowing to a range of 2.25% and 2.5%.

At their final two-day policy-setting meeting in Washington, policymakers said they might not need to raise rates as quickly next year as they previously thought.
"Despite this robust economic backdrop and our expectation for healthy growth, we have seen developments that may signal some softening," Powell told reporters at a press conference.
The Fed chairman said there were a number of "cross-currents emerging" that prompted most officials to "modestly" lower their growth forecasts next year.
He added that officials "now think it is more likely the economy will grow in a way that calls for two rate increases next year" -- fewer than initially expected. MORE
This post does not answer GG's question. I take it you don't.
Reply With Quote

hikes, interest, rate, trumps

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Forum Jump

All times are GMT -5. The time now is 07:38 PM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2020, vBulletin Solutions, Inc.

Content Relevant URLs by vBSEO 3.2.0