The FOMC decided to raise short-term interest rates by another quarter-percent—the third hike this year—bringing the fed funds target range to 2.00-2.25%. This was largely as expected, with formal probabilities of such a move being pegged at around 95% based on futures markets. There were no dissents.
The official statement noted a continued strengthening in economic and labor market activity, in addition to growth both household spending and business fixed investment. Inflation was described as ‘near target’. However, the term ‘accommodative’ was removed, in an acknowledgment of the evolution in policy. The probability of a fourth hike in December by another quarter percent stands at about 75% […]
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Source: LSA Connect
September 27, 2018
The FOMC decided to raise short-term interest rates by another quarter-percent—the third hike this year—bringing the fed funds target range to 2.00-2.25%. This was largely as expected, with formal probabilities of such a move being pegged at around 95% based on futures markets. There were no dissents.
The official statement noted a continued strengthening in economic and labor market activity, in addition to growth both household spending and business fixed investment. Inflation was described as ‘near target’. However, the term ‘accommodative’ was removed, in an acknowledgment of the evolution in policy. The probability of a fourth hike in December by another quarter percent stands at about 75% […]
Click here to view the full article
Source: LSA Connect
September 27, 2018
