- Fed Raises Interest Rates, Signals Slightly Lower Path of Future Increases
Market news
Fed Raises Interest Rates, Signals Slightly Lower Path of Future Increases
Federal Reserve Changes Fed Funds Range to 2.25% to 2.50
No Fed Officials See Interest Rates Above 3.25% at End of 2019, Down from 5 in Sept
Fed Officials Raise Long-Run GDP Growth Forecast to 1.9% from 1.8% in Sept
Officials Lower Long-Run Unemployment Rate Forecast to 4.4% from 4.5% in Sept
Fed Officials See Fed Funds Rate at a Median of 2.4% at End of 2018
Fed Funds Rate at a Median of 2.9% at End of 2019
Fed Funds Rate at a Median of 3.1% at End of 2020
Fed Funds Rate at a Median of 3.1% at End of 2021
Officials See Fed Funds Rate at a Median of 2.8% in Longer Run
Officials Lower 2018 GDP Growth Forecast to 3% from 3.1% in September
Lower 2019 GDP Growth Forecast to 2.3% from 2.5% in Sept
Lower 2019 Inflation Forecast to 1.9% from 2% in Sept
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