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Thursday, 14 June 2018

Fed hikes rates, points to two more increases by year's end

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.

1 comment:

  1. No surprise there, with the increasing CPI, PPI, CPE over the past few months...

    So 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!!! :)


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