The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on December 19, 2018, 08:50:35 pm
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Fed hikes rate, lowers 2019 projection to 2 increases
Published 2 hours ago | Updated 26 min ago
Jeff Cox
@JeffCoxCNBCcom
The Fed take the target range for its benchmark funds rate to 2.25 percent to 2.5 percent.
Central bank officials now forecast two hikes next year, down from three rate raises previously projected.
However, the Fed continues to include in its statement that further “gradual†rate hikes would be appropriate.
GDP is now seen as rising 3 percent for the full year of 2018, down one-tenth of a percentage point from September, and 2.3 percent for 2019, a 0.2 percent point reduction.
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https://www.cnbc.com/2018/12/19/fed-hikes-rates-by-a-quarter-point-.html (https://www.cnbc.com/2018/12/19/fed-hikes-rates-by-a-quarter-point-.html)