Mexican Media Brands
Fed Leaves Interest Rates Unchanged
Today the Federal Reserve opted to leave overnight lending rates in the U.S. unchanged at 1%-1.25% but hinted it might raise them before year-end.
#economics
Share
Today the Federal Reserve opted to leave overnight lending rates in the U.S. unchanged at 1%-1.25%. But the central bank indicated it might raise them before year-end pending evidence of further momentum in economic growth.
The Fed describes the U.S. economy as “rising at a solid rate” and says ongoing strength of the economy “will warrant gradual increases.” The bank has raised interest rates in quarter-point steps four times since late 2015.
An increase in December is widely expected among investors and traders, The Wall Street Journal says. The Fed predicts no lasting economic impact of hurricanes that damaged the Gulf Coast area. And the gross domestic product expanded by a relatively healthy 3% in the third quarter, according to a first-round estimate by the Dept. of Commerce.
Another indicator of impending rate hikes is the unemployment rate. In September it dropped to 4.2%, the lowest level since 2001.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
Achieving Efficiency?
A look at on-road fuel economy changes over 92 years.