GOOD SIGNS

Fed Indicates Interest Rate Hikes on Hold for Now

“The [Fed] will be patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate.”

The Federal Reserve indicated Wednesday that it does not anticipate any more interest rate increases in the immediate future, despite cautioning that it would continue to hike up rates just a month ago. According to The New York Times, the Fed said in a statement Wednesday that economic growth remains “solid,” and that it will remain “patient” in evaluating the economy’s health. The newspaper also notes that the Fed indicated that it would be ready to “slow or even reverse” the size of its portfolio, when just a month earlier it said it was committed to reducing its portfolio. The Fed’s policymaking committee, which met before the statement was released, reportedly voted “unanimously” for the changes. This comes after President Trump has publicly attacked the Fed for steadily increasing interest rates in 2018.

MONEY

Federal Reserve Raises Rates Despite Trump’s Objections

Audrey McNamara