Mexican Media Brands
Fed Signals Possible Interest Rate Hike in March
U.S. Federal Reserve Chair Janet Yellen told Congress today that an increase in the central bank’s key lending rate may be “appropriate,” adding that delaying increases would be “unwise” as long as the economy continues to strengthen.
#economics
Share
U.S. Federal Reserve Chair Janet Yellen told Congress today that an increase in the central bank’s key lending rate may be “appropriate,” adding that delaying increases would be “unwise” as long as the economy continues to strengthen.
The Fed held rates at zero-0.25% for seven years before raising them to a range of 0.25%-0.50% in December 2015. The range was raised to 0.50%-0.75% last December. The bank’s next scheduled meeting is March 14-15.
Yellen says the Fed wants to raise rates gradually in keeping with the pace of slowly improving employment and inflation data. She notes that waiting too long to implement future increases could result in sudden and rapid hikes that disrupt financial markets.
RELATED CONTENT
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .