The Federal Reserve plans to hike interest rates even faster - News Summed Up

The Federal Reserve plans to hike interest rates even faster


Interest rates are on their way up. Fed officials were split on whether last month's policy meeting was the appropriate time to announce a fourth rate hike in 2018. It also shifted its plans to raise interest rates for next year, calling for three more rate hikes instead of two. It's rare for lawmakers to stimulate the economy with tax cuts when the economy is already at full steam. During their March meeting, the Fed raised its economic growth forecast to 2.7%, up from 2.5% in December.


Source: CNN April 11, 2018 18:54 UTC



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