Don’t expect big interest rate hikes, Fed chief Powell says
Federal Reserve chief Jerome Powell said Wednesday he regards current interest rates at nearly a neutral level.
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Fed raises interest rates for third time in 2018, citing job growth
The Federal Reserve raised federal interest rates another quarter-percent Wednesday, to 2 1/4 percent.
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Consumer spending increases strongly; inflation rising
U.S. consumer spending increased solidly in July, pointing to strong economic growth early in the third quarter, while a measure of underlying inflation hit the Federal Reserve’s 2 percent target for the third time this year.
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Consumer spending increases strongly; inflation rising
U.S. consumer spending increased solidly in July, pointing to strong economic growth early in the third quarter, while a measure of underlying inflation hit the Federal Reserve’s 2 percent target for the third time this year.
The post Consumer spending increases strongly; inflation rising appeared first on Worthy Christian News.
Stocks reach new all-time high, despite Trump’s trade threats and Fed criticisms
Stock markets hit a new all-time high Tuesday as they approached the longest bull market in modern history, despite President Trump’s recent statements on trade and monetary policy that have unnerved some business leaders.
The post Stocks reach new all-time high, despite Trump’s trade threats and Fed criticisms appeared first on Worthy Christian News.
Powell backs more rate hikes as economy growing ‘considerably stronger’
The U.S. economy is running at a fast enough pace to justify continued interest rate increases, Federal Reserve Chairman Jerome Powell said Tuesday.
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