Fed raises rates as job gains, firming inflation stoke confidence

Click For Larger Image & Read More
Fed raises rates as job gains, firming...
 © BusinessMail 2017
By Howard Schneider and Jason Lange

The U.S. Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank’s target.

The decision to lift the target overnight interest rate by 25 basis points to a range of 0.75 percent to 1.00 percent marked one of the Fed’s most convincing steps yet in the effort to return monetary policy to a more normal footing.

However, the Fed’s policy-setting committee did not flag any plan to...


Fed raises rates as job gains, firming inflation stoke confidence


The contents of this article including any associated images are © BusinessMail 2017

  • Click Here
Advertise Here

Trending Cyprus News

  • Storms and rain on the way

    Winter weather is on the way with rain and storms expected on the island from Sunday night, lasting into the beginning of next week, the met...

  • Raising voices for charity

    The Achord Community Choir will perform together with the Cyprus Brass Band and Harmony Singers, Paphos, next Saturday to raise funds for local...

  • Report says Varosha to reopen by end of 2018

    The fenced-off town of Varosha in the north will be reopened for business by the end of 2018, Turkish Cypriot columnist for daily Kibris Mehmet...

  • Wizz Air launches daily Cyprus flights

    Wizz Air, the Hungarian low-cost airline announced a massive expansion at its Luton base, adding a new route to Cyprus and the addition of four...

  • Police launch new drink driving campaign

    Cyprus police will begin a nationwide campaign to reduce drink driving from Monday, November 20th to Sunday, November 26th as part of its efforts...

  • Minor earthquake hits Limassol

    Minor earthquake hits Limassol on Monday afternoon.   According to the Earthquake Institute emsc-csem.org the quake occurred just...

  • Happening now! Heavy rain in Limassol! (video)

    Winter is finally here!  Heavy rainfall and thunderstorms are dominating the forecast in Cyprus today and for the next few days. We thought...

  • Britain to return Zygi land for €8.6m

    BRITAIN will be returning land to the Republic of Cyprus that it holds in Zygi for €8.6m, it emerged on Friday. The deal is set to be signed...

Article Tags: raises, rates, gains, firming, inflation, stoke, confidence,

 

  • Click Here
Advertise Here

24hr News