Fed Raises Interest Rates

28 Eylül 2018
The Federal Reserve raised interest rates by a quarter point on Wednesday, while Fed Chairman Jerome Powell indicated there was no shift in thinking on monetary policy. The Federal Open Market Committee increased the overnight funds rate to a range of 2.00% to 2.25%. "The Committee expects that further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective over the medium term. Risks to the economic outlook appear roughly balanced," the statement said. The Federal Reserve left its outlook on inflation unchanged, forecasting core-PCE inflation outlook for 2018 at 2.0%. (26.09.2018)
Source:  Investing
Post by : Republic of Turkey Ministry of Trade