The Fed hiked rates by a stunning (but expected) 75bps – the biggest hike since 1994. Esther George dissented (preferring 50bps). Fed expresses that is “strongly committed” to fighting inflation…
Fed Raises Interest Rates and Continues to Foresee Three Hikes in 2018…
The Federal Reserve on Wednesday lifted a key U.S. interest rate, but the central bank also struck a wait-and-see stance in light of persistently low inflation and a pending change in leadership. As widely expected, the Fed raised its benchmark federal funds rate by a quarter percentage point to between 1.25% and 1.5% — the […]