• The Fed Hikes Rates

    6 days ago - By Crossing Wall Street

    For the seventh time this cycle, the Fed has hiked rates:
    Information received since the Federal Open Market Committee met in May indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Job gains have been strong, on average, in recent months, and the unemployment rate has declined. Recent data suggest that growth of household spending has picked up, while business fixed investment has continued to grow strongly. On a 12-month basis, both overall inflation and inflation for items other than food and energy have moved close to...
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  • Fed: Rates Increased for Second Time This Year

    Fed: Rates Increased for Second Time This Year

    6 days ago - By RIS Media

    As predicted by all officials, the Fed raised rates for the second time in 2018-from 1.75 percent to 2 percent. The remainder of 2018 and 2019 may see more gradual hikes, with analysts predicting two more increases by year's end in order to curb future inflation concerns following reports of a strong labor market and economic conditions.
    “In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 1-3/4 to 2 percent. The stance of monetary policy remains accommodative, thereby supporting strong labor...
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