After three consecutive rate cuts, the Federal Reserve hit the pause button to keep the federal funds rate at 3.5% to 3.75%.
The central bank’s Federal Open Market Committee had two dissenters on the rate decision, with Fed Govs. Stephen I. Miran and Christopher J. Waller seeking to lower the target range by a one-quarter percentage point.
In announcing its decision, the Fed’s statement said, “Available indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, and the unemployment rate has shown some signs of stabilization. Inflation remains somewhat elevated.”
The Fed added it remained “strongly committed to supporting maximum employment and returning inflation to its 2% objective.”
DT keeps mess’n with JP !
Can’t stand him. Can’t wait till he’s out. He’s a no good son of a b**** is what he is good riddance
Love Adriene Price reply. We all get to decide for ourselves who “him” is.
The hatred and vitriol fabricated and instituted by Mr Trump is tearing our country apart. It would help if “we the people” could dial it back some.