WorthyNewsBot Posted March 22, 2018 Group: Bots Followers: 3 Topic Count: 39,879 Topics Per Day: 6.47 Content Count: 44,258 Content Per Day: 7.18 Reputation: 984 Days Won: 2 Joined: 06/06/2007 Status: Offline Share Posted March 22, 2018 (Worthy News) - The Federal Reserve announced an increase in its target interest rate Wednesday afternoon, continuing its careful efforts to withdraw its crisis-era stimulus measures, while also hinting at faster rate hikes over the next two years. The central bank raised its target for short term interest rates by a quarter percentage point to between 1.5 percent and 1.75, the sixth such hike of the recovery. "The economic outlook has strengthened in recent months," members of the monetary policy committee said in a statement wrapping up their two-day meeting, the first of Chairman Jerome Powell's tenure. [ Source: Washington Examiner (Read More...) ] The post Fed raises rates as it weighs tighter money over the next few years appeared first on Worthy Christian News. View the full article Link to comment Share on other sites More sharing options...
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