General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFed leaves rates unchanged, sees inflation rising this year
Last edited Wed Jan 31, 2018, 08:46 PM - Edit history (1)
Citing solid gains in employment, household spending and capital investment, the Fed said it expected the economy to expand at a moderate pace and the labor market to remain strong in 2018.
Inflation on a 12-month basis is expected to move up this year and to stabilize around the Feds 2 percent target over the medium term, the central bank said in a statement following a two-day policy meeting, the last under Fed Chair Janet Yellen.
It also said its rate-setting committee had unanimously selected Powell to succeed Yellen, effective Feb. 3. Powell, a Fed governor who has worked closely with Yellen, was nominated by President Donald Trump and confirmed by the U.S. Senate.
Powell is expected to hew closely to the policies embraced by Yellen, who spearheaded the gradual move away from the near-zero interest rates adopted to nurse the economy back to health and spur job growth after the 2007-2009 recession.
https://www.reuters.com/article/us-usa-fed/fed-leaves-rates-unchanged-sees-inflation-rising-this-year-idUSKBN1FK0IQ?
The_Casual_Observer
(27,742 posts)pbmus
(12,422 posts)The_Casual_Observer
(27,742 posts)pbmus
(12,422 posts)By many players....however, if the underlying support of our currency is significantly challenged then the downplay could be disaster for many smaller fish.
https://www.thebalance.com/stock-market-crash-of-1929-causes-effects-and-facts-3305891