Defying Trump, Fed hikes interest rates by a quarter-point

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    • #2469
      N2Doc
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      • Total Posts: 8,274

      Defying the wishes of President Donald Trump, the Federal Reserve on Wednesday raised its benchmark interest rate although the central bank did lower its forecast for how many more increases will be needed in the future.

      The central bank now penciled in two rate hikes in 2019, not the three moves seen in September, and it still forecasts just one more hike for 2020.

      But the Fed was not completely dovish.

      Six Fed officials penciled in three rate hikes in 2019. The Fed statement repeated that further rate hikes were expected — a clause some economists thought the central bank would take out of the statement entirely.

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    • #2475
      retired liberal
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      • Total Posts: 3,109

      And CD’s to back to 10% or better.

      We are an arrogant species, believing our fantasy based "facts" are better than the other person's fake facts.
      If you are wrong, it will be because you are not cynical enough.
      Both major political parties are special interest groups enabling each other for power and money, at the expense of the people they no longer properly serve…
      Always wear a proper mask when out and about. The life you save could be both yours and mine.

    • #2688
      snot
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      • Total Posts: 999

      drink their own koolaid.

      Destruction is easy; creation is hard, but more interesting.

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