Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: The Fed Raised Rates. The Markets Didn’t Like It. DealBook Supported by Dec. 20, 2018 Good Thursday morning. (Was this email forwarded to you? Sign up here .) The Fed raised rates, but it’s bracing for economic strain The Federal Reserve raised its benchmark interest rate yesterday to between 2.25 percent to 2.5 percent, and signaled that it expects “some” additional rate increases next year. The Fed believes the U.S. economy is strong. “Jerome H. Powell, the Fed’s chairman, emphasized the continued strength of economic growth at a news conference after the announcement,” Binyamin Appelbaum of the NYT writes. He adds that it was “a display of measured confidence in the economy.” But the move is a slap in the face to vocal critics. … [Read more...] about DealBook Briefing: The Fed Raised Rates. The Markets Didn’t Like It.
Feds raising rates
Traders with Livermore Securities at the New York Stock Exchange follow the news Wednesday about a Federal Reserve Board interest rate increase. NEW YORK -- Stocks gave up a big rally and took a dive in afternoon trading Wednesday after the Federal Reserve raised interest rates and said it plans to keep raising them next year. The market finished at its lowest level since September 2017. The Dow Jones industrial average fell 351.98 points, or 1.5 percent, to 23,323.66. The S&P 500 skidded 39.20 points, or 1.5 percent, to 2,506.96. It has tumbled 14.5 percent in the past three months, including a loss of 9.2 percent this month. The Nasdaq composite gave up 147.08 points, or 2.2 percent, to 6,636.83. The Russell 2000 index -- which has experienced broader declines than the rest of the market -- fell 27.95 points, or 2 percent, to 1,349.23. The Dow lost 513 points at its lowest point. Before the Fed's decision was announced at 1 p.m. Central Standard Time, it was up 381 points. The … [Read more...] about Stocks take nose dive after Fed raises rates
Sections SEARCH Skip to content Skip to site index Economy Subscribe Log In Log In Today’s Paper Economy | Fed Raises Rates, Demonstrating Confidence in Health of Economy Supported by ByBinyamin Appelbaum Dec. 19, 2018 The Federal Reserve announced a widely expected quarter-point increase in its benchmark interest rate on Wednesday, and signaled that it plans to continue raising rates next year. The Fed emphasized the strength of economic growth in a statement released after a two-day meeting of its policymaking committee. It said firms keep adding jobs and consumers keep spending money. The statement made no mention of recent turbulence in financial markets. The Fed’s announcement offered a few crumbs for critics, including President Trump, who have urged the central bank to stop raising rates. In previous statements, the Fed had said it planned “further gradual increases” in its benchmark … [Read more...] about Fed Raises Rates, Demonstrating Confidence in Health of Economy
Sections SEARCH Skip to content Skip to site index Politics Subscribe Log In Subscribe Log In Today’s Paper Advertisement Supported by ByBinyamin Appelbaum Sept. 26, 2018 WASHINGTON — The Federal Reserve, as expected, raised its benchmark interest rate by one quarter of a percentage point on Wednesday, and indicated it plans to raise rates again in December. The Fed repeatedly described economic conditions as “strong” in a statement following a two-day meeting of its Federal Open Market Committee, which sets monetary policy. “Economic activity has been rising at a strong rate,” the statement said, adding that job growth, and the growth of household spending and business investment, were also robust. The Fed moved its benchmark rate up to a range between 2 and 2.25 percent. It is the eighth time since the 2008 financial crisis that the Fed has raised rates, and the third time this year. The … [Read more...] about Fed Raises Rates for Third Time in 2018
WASHINGTON — The Federal Reserve has raised a key interest rate for the third time this year in response to a strong U.S. economy and signaled that it expects to maintain a pace of gradual rate hikes. The Fed on Wednesday lifted its short-term rate — a benchmark for many consumer and business loans — by a quarter-point to a range of 2 percent to 2.25 percent. It was the eighth hike since late 2015. The central bank stuck with its previous forecast for a fourth rate increase before year's end and for three more hikes in 2019. The Fed dropped phrasing it had used for years that characterized its rate policy as "accommodative" by favoring low rates. In dropping that language, the central bank may be signaling its resolve to keep raising rates. Many analysts think the economy could weaken next year, in part from the effects of the trade conflicts President Donald Trump has pursued with China, Canada, Europe and other trading partners. The tariffs and counter-tariffs that … [Read more...] about Fed raises rates for 3rd time this year with 1 more expected