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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 ...

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Old 12-23-2018, 08:48 AM
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Default Re: Trumps interest rate hikes

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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.
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