Posted on 12/19/2018 11:14:24 AM PST by Hojczyk
The Federal Reserve raised its benchmark interest rate a quarter-point Wednesday but lowered its projections for future hikes.
As markets had expected, the central bank took the target range for its benchmark funds rate to 2.25 percent to 2.5 percent. The move marked the fourth increase this year and the ninth since it began normalizing rates in December 2015.
Officials, though, now project two hikes next year, which is a reduction but still ahead of current market pricing of no additional moves next year.
The language in the post-meeting statement was not entirely dovish. The committee continued to include a statement that more rate hikes would be appropriate, though it did soften the tone a bit.
“The Committee judges that some further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee’s symmetric 2 percent objective over the medium term,” the statement said.
(Excerpt) Read more at cnbc.com ...
Recession 2020????
And the markets give back all of their early gains today.
Absolutely. Wealthy liberals will see to it (never mind the fact that it will only hurt mot Americans). They have Trump on the defensive, being stretched real thin on a lot of issues. They have no intention of letting up. If anything, it will get even worse the next two years.
Only two increases?
They’re tanking this economy on purpose. The press is on to get this President either killed, arrested, or run out of office.
They shouldn’t have done this increase.
Yes, and most conservatives will just shrug, say how things are terrible, and then try to live out their lives under socialistic rule.
And the markets give back all of their early gains today.
...
Never mind the markets. The Elitists and the Swamp know best. /s
As interest rates go up, banks can offer safer havens and a reasonable rate of return.
This hurts Wall Street far more than Main Street.
Pardon me if I fail to shed a tear for the banksta's.
I know, IRA accounts but a diversified portfolio will benefit as will the nation.
I used to have trouble understanding why some people want to do away with the Fed...
Bingo. Cheap money Wall Street clowns crying about a 1/4 point rate increase is ridiculous.
That would be the plan. The deep state doesn't like a prosperous United States, it seems.
The markets have finally hit their daily swan-dive mode... Dow is down by over 200...
America will only be as properous as Soros, Steyer, Bloomberg and other liberal billionairs are willing to allow.
Who appointed him? Oh yeah, some guy named Donald.
feds doing their best to tank The Donalds economy?
You betcha.
Who appointed him? Oh yeah, some guy named Donald.
Trump was naive when elected. He actually believe that the Democrats would put country first. He picked bi-partisan people on the recommendation of RINOs.
See excerpt below:
Now Trump, a combative politician who has tried to upend the institutions of Washington, has named Powell as the new chairman of the Federal Reserve. Powell is no stranger to the Fed. He’s been serving as a governor there since President Barack Obama nominated him to the role in 2012, but Trump is elevating Powell to the marquee post.
But the decision to tap Powell highlights how Trump is willing to compromise the bomb-throwing mentality that has characterized much of his time in Washington and many of his appointments. Powell has developed a reputation in Washington as a consensus builder who prefers to operate behind the scenes. Obama felt comfortable enough with Powell to nominate him to the Fed board in 2012, renominating him again in 2014.
Deep Staters at the Fed want to kill the economy.
They don’t care about the working man.
And after the needless hike, the market dove down even deeper.
Time to get rid or the Fed ... again.
Silly me had been attributing the markets this year as a result of profit taking - but maybe it has been all these fed hikes. The market was built on cheap money after all.
The Fed then seems determined to sink the market. At least they could come out and admit as such.
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