Economists, Wall Street split on rate hike signalshome/Business/Top Business/Economists, Wall Street split on rate hike signalsWASHINGTON, D.C.: Economists and investors have been scratching their heads this week over signals from the Federal Reserve, which left the future of US monetary policy open to broadly divergent interpretations. In remarks delivered Wednesday in New York, Fed chairman Jerome Powell uttered words that set Wall Street on fire. And as a result, Wall Street on Wednesday had its best day since March, with the Dow Jones Industrial Average rising 2.5 percent and European equities lifted higher as well. Nevertheless, it is a tricky concept: economists put the range between 2.5 percent and 3.5 percent. The US federal funds rate range is now 2.0 – 2.5 percent.

Source: Manila Times November 30, 2018 16:18 UTC