The Federal Reserve hikes its benchmark short-term interest rate a quarter percentage point.
The Fed says in a statement that economic growth has been "rising at a solid rate," an upgrade from "moderate" in May.
The central bank points to two more hikes, which would bring the 2018 total to four increases.
Posts
A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
-
One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
20 hours ago
No surprise there, with the increasing CPI, PPI, CPE over the past few months...
ReplyDeleteSo will be target of 2.5% by Dec 2018.
From dot plot, looks like 3.25% by end-2019 and 3.5% by end-2020.
2-10 yield curve now flattest since 2007 ... less than 40 bps hoho!
But relax ... haven't invert yet.
I'll be surprise if stocks don't make higher highs this year and maybe next year too. Huat harr!!! :)