Tag Archives: ABA Data Bank

FOMC Raises Rates but Lowers Expected 2019 Hikes to Two from Three

At its meeting today, the Federal Open Market Committee (FOMC) unanimously voted to raise the target range for the federal funds rate to 2.25 to 2.5 percent. It was the fourth hike this year. However, the committee signaled only two rate increases next year, down from three in its previous projections. Committee members kept in the language that they expect ...

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