Wednesday, March 21, 2018

Federal Reserve Hikes Interest Rates

Under the leadership of new Federal Reserve chairman Jay Powell, as expected, the Fed has announced it raised the interest rates it controls by 25 basis points.

The Feds monetary policy committee, the FOMC, voted to raise the fed-funds rate to a range of 1.5% to 1.75%.

The Fed also indicated they expect to hike interest rates two more times this year and to raise rates three times in 2019.

-Robert Wenzel 

1 comment:

  1. dow down 700+ points. A couple more 700 point down days and the fed will be talking about pausing, then cutting, then QE5