It only takes a few moments to share an article, but the person on the other end who reads it might have his life changed forever.

Wednesday, December 14, 2016

FOMC hikes rates by 25 basis points, as expected

  • Fed hikes to range of 0.50%-0.75%
  • All 103 economists surveyed by Bloomberg forecasted a hike
Highlights of the statement: COMING IN

  • Repeats gradual policy path plan
  • Policy supporting 'some further strengthening' on goals
  • Votes were unanimous
  • Stance of monetary policy remains accommodative
  • Inflation has increased since earlier this year
  • Economy has been expanding at a moderate pace
  • Market-based measures of inflation have moved up 'considerably' but are still low
  • Expects conditions to evolve in way that warrants 'only gradual increases' in rates
  • Officials see three 2017 hikes versus two in Sept dots
  • Sees slightly higher pace of growth and lower unemployment

No comments:

Post a Comment