Federal Reserve Hike Interest Rates 25 Basis Points As expected

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  • 13 Dec '17 at 10:01 pm #13887
    TradersCom
    Keymaster

    No surprises from the Federal Reserve Wednesday the…

    [article]429[/article]

    13 Dec '17 at 11:07 pm #13888
    Assistanc3
    Participant

    Dow added about 30 points, taking gains to 131 on the day. S&P 500 now up 0.3%, and the dollar is down by the same percentage.

    13 Dec '17 at 11:10 pm #13889
    Assistanc3
    Participant

    Fed estimates unemployment to fall to 3.9% in 2018

    Fed lifts 2018 U.S. GDP forecast to 2.5% from 2.1%

    Fed maintains PCE inflation forecast for 2018 at 1.9%

    Fed sticks to forecast for three rate increases in 2018

    13 Dec '17 at 11:10 pm #13890
    Assistanc3
    Participant

    two dissents
    Neel Kashkari of the Minneapolis Fed
    Charles Evans of the Chicago Fed

    13 Dec '17 at 11:12 pm #13891
    TradersCom
    Keymaster

    December 13, 2017

    Federal Reserve Board and Federal Open Market Committee release economic projections from the December 12-13 FOMC meeting

    For release at 2:00 p.m. EST

    The attached table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Open Market Committee participants for the December 12-13 meeting.

    The table will be incorporated into a summary of economic projections released with the minutes of the December 12-13 meeting. Summaries of economic projections are released quarterly.

    Link: https://www.federalreserve.gov/monetarypolicy/fomcprojtabl20171213.htm

    13 Dec '17 at 11:28 pm #13892
    TradersCom
    Keymaster

    Don’t Forget One Of Yellens last press conference usually gets underway at 3:30 pm ET.

    Watch it live here: https://youtu.be/pdp2g3sRapM

    14 Dec '17 at 1:02 am #13893
    Assistanc3
    Participant

    Yellen on Bitcoin: “I would simply say that Bitcoin at this time plays a very small role in the payment system. It is not a stable source of store value and it doesn’t constitute legal tender. It is a highly speculative asset.”

    09 Jan '18 at 11:44 pm #14373
    MoneyNeverSleeps
    Participant

    FOMC Minutes

    9 of 12 regional directors voted for discount rate hike
    Chicago, St Louis and Minneapolis were against raising discount rate
    Regional Fed directors saw wage pressures as generally modest
    Fed directors were uncertain about economic impact of tax cuts

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