The Federal Reserve Raises Rates
The Federal Reserve Raises Rates Hauntings from The Creature from Jekyll Island The Federal Reserve raised interest rates on Wednesday by a quarter of a percentage point to a range of 2.00 percent to 2.25 percent. In a statement that marked the end of the era of “accommodative” monetary policy, Fed Chairman Jerome Powell said the removal of the wording did not signal a policy outlook change. “Instead, it is a sign that policy is proceeding in line with our expectations.” said Powell. “The labor market has continued to strengthen … economic activity has been rising at a strong rate,” it said in its statement. While interest ratesRead More →