Fed says economic outlook has strengthened in recent months

Market news

22 March 2018

Fed says economic outlook has strengthened in recent months

Raises view of estimated neutral Fed funds rate following years in which it lowered estimates
Job gains have been strong; growth rates of household spending and fixed investment have moderated
Economic activity has been rising at 'moderate rate;' previously described rate as 'solid'
Inflation on 12-month basis is expected to move up in coming months

Fed's Powell says Fed is trying to take the 'middle ground' on raising rates

Fed raises target interest rate to 1.50-1.75 pct, sees two more rate hikes this year for total of three, sees three more in 2019

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