Federal Reserve lifts rates again 0.25%

Fed lift interest rate

          The Federal Reserve had been expected to raise its benchmark interest rate a quarter point to a target range of 1.25 percent to 1.5 percent one notch higher as the U.S. economy continues to get healthier. The move will push the target range to 1.25 percent to 1.5 percent. The rate is pegged to a wide variety of debt instruments, such as credit cards and adjustable-rate mortgages. Policy makers raised their expectations for economic growth in 2018. The central bank now expects the economy to grow at a slightly faster rate of…

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“Jerome Powell” Are you the next Fed’s chairman?

Jerome Powell

          “Governor Powell has proved he is qualified to lead the Fed,” Sen. Mike Crapo, a Republican from Idaho and chairman of the committee, said at the hearing. If Powell is confirmed by the Senate panel, his nomination will advance to the Senate for a full vote. It’s unclear when that vote would be scheduled. President Trump nominated Powell early last month to replace Chairwoman Janet Yellen when her four-year term expires on February 3.           And What’s next for the future of Federal Reserve? Jerome Powell was a lawyer in New York before he…

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Gold price slightly up waiting for signal

Gold Bar

Gold price move up a little bit early on Wednesday as investors remained cautious ahead of the release of minutes from the U.S. Federal Reserve’s last meeting. Janet Yellen, chairman of the Federal Reserve (Fed), said during a meeting with Mervyn King, former Governor of the Bank of England (BoE) at the Stern Institute. New York University Yesterday One of the most important challenges for the Fed this time is US inflation remains below the Fed’s target of 2%. However, she said the Fed will continue to raise interest rates gradually.…

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