JUST IN: Federal Reserve raises interest rates by 0.25%, the smallest increase in nearly a year.
, which have fallen back to 6.13% after having hit a high of 7.08% in November.
"The Fed is staring down the barrel of an upturn in economic activity," Neil Dutta, the head of U.S. economics at Renaissance Macro financial group, wrote in a recent note to clients. A 0.25% interest rate hike may end up proving too small, Dutta said — with the risk that the Fed will have to return to a stricter policy later."The Fed’s story only works if the economy is slowing down. Sorry, but I don’t see it.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY Price Analysis: Bears eye a test of 130.00 pre Federal ReserveUSD/JPY is under pressure in Tokyo but the bulls are moving in from a support area as the following charts will illustrate. Meanwhile, the US Dollar r
Read more »
Gold Price Forecast: XAU/USD bulls could emerge ahead of Federal ReserveThe Gold price has drifted lower for a third day and is testing structure as we head towards key events this week, including the Federal Reserve and t
Read more »
State of Our Union: The Federal Reserve cannot save the economy from Biden's White HouseOn its face, the economy seems to be OK again. After an unprecedented glut of spending and a resulting inflation crisis, employment has kept up while investors downgrade their risk of recession.
Read more »
Stock futures tick lower as traders await the Federal Reserve's latest rate hike decisionHere's how stocks are trading ahead of the Federal Reserve's Wednesday meeting.
Read more »
Gold Price Forecast: XAU/USD fades rebound ahead of Federal Reserve Interest Rate DecisionGold price (XAU/USD) struggles to extend the previous day’s recovery beyond $1,930-28 as the market braces for the key Federal Reserve (Fed) verdict o
Read more »
Here's what the Federal Reserve's 25 basis point interest rate hike means for your moneyEverything from mortgages and credit cards to student and car loans will be impacted by another rate hike from the Federal Reserve.
Read more »