Federal Reserve raises rates for 3rd time this year with one more expected

https://finance.nine.com.au/2018/09/27/07/32/us-federal-reserve-raises-interest-rates-third-time

The Federal Reserve signalled its confidence Wednesday in the U.S. economy by raising a key interest rate for a third time this year, forecasting another rate hike before year’s end and predicting that it will continue to tighten credit into 2020 to manage growth and inflation.

The Fed lifted its short-term rate — a benchmark for many consumer and business loans — by a modest quarter-point to a range of 2 percent to 2.25 percent. It was its eighth hike since late 2015. The central bank also stuck with a previous forecast for three more rate hikes in 2019.

In a statement after its latest policy meeting, the Fed dropped phrasing it had long used that characterised its policy as “accommodative” — that is, favouring low rates. The Fed had used variations of that pledge in the seven years that it kept its key rate at a record low near zero and over the past nearly three years in which it’s gradually tightened credit.

By removing that language, the Fed may be signalling its resolve to keep raising rates. In a news conference after its meeting, though, Chairman Jerome Powell said the removal of the “accommodative” language did not amount to a policy change.

“Our economy is strong,” Powell declared at the start of his news conference. “Growth is running at a healthy clip, unemployment is low. The number of people working is rising steadily, and wages are up. Inflation is low and stable, all of these are very good signs.”

The chairman added, though: “That’s not to say everything is perfect. The benefits of this strong economy have not reached all Americans. Many of our country’s economic challenges are beyond the scope of the Fed.”

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i said a long time ago when the fed puts interest rates up its going to signal the rise globally of housing and lending rates, its happening in australia already with the banks..this is the third rise..follow the trend to the end..

401

~ by seeker401 on September 28, 2018.

5 Responses to “Federal Reserve raises rates for 3rd time this year with one more expected”

  1. The Great Alignment on Schedule

    https://www.armstrongeconomics.com/armstrongeconomics101/understanding-cycles/the-great-alignment-on-schedule/

  2. […] Federal Reserve raises rates for 3rd time this year with one more expected — Follow The Money üzerinden […]

  3. JP ..

    https://www.zerohedge.com/news/2018-09-27/jp-morgan-just-launched-largest-ever-real-world-blockchain-application

  4. “In 1789 Alexander Hamilton became the first Treasury Secretary of the United States. Hamilton was one of many Founding Fathers who were Freemasons. He had close relations with the Rothschild family which owns the Bank of England and leads the European Freemason movement….

    “Roger Livingston helped Sherman and Franklin write the Declaration of Independence. He gave George Washington his oaths of office while he was Grand Master of the New York Grand Lodge of Freemasons. Washington himself was Grand Master of the Virginia Lodge. Of the General Officers in the Revolutionary Army, thirty-three were Masons. This was highly symbolic since 33rd Degree Masons become Illuminated.

    Populist founding fathers led by John Adams, Thomas Jefferson, James Madison and Thomas Paine- none of whom were Masons- wanted to completely severe ties with the British Crown, but were overruled by the Masonic faction led by Washington, Hamilton and Grand Master of the St. Andrews Lodge in Boston General Joseph Warren, who wanted to “defy Parliament but remain loyal to the Crown”. St. Andrews Lodge was the hub of New World Masonry and began issuing Knights Templar Degrees in 1769.”

    https://deceivedworld.blogspot.com/2011/06/federal-reserve-cartel-freemasons-and.html

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