The Briefing Room
General Category => Economy/Business => Topic started by: jmyrlefuller on September 26, 2018, 06:47:56 pm
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https://www.msn.com/en-us/money/markets/fed-raises-interest-rates-flags-end-of-the-stimulus-era/ar-AAAGmST?ocid=spartandhp (https://www.msn.com/en-us/money/markets/fed-raises-interest-rates-flags-end-of-the-stimulus-era/ar-AAAGmST?ocid=spartandhp)
by Howard Schneider and Jason Lange
September 26, 2018
Fed policymakers lifted the benchmark overnight lending rate by a quarter of a percentage point to a range of 2.00 percent to 2.25 percent. It still foresees another rate hike in December, three more next year, and one increase in 2020. That would put the U.S. central bank's benchmark overnight lending rate at 3.4 percent, roughly half a percentage point above its estimated "neutral" rate of interest, at which rates neither stimulate nor restrict the economy.
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Fed policymakers lifted the benchmark overnight lending rate by a quarter of a percentage point to a range of 2.00 percent to 2.25 percent.
(excerpt)
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Seems like forever since we have been able to get good rates on bonds. Three smiles for me. happy77 happy77 happy77