Anonymous ID: 13fedd Dec. 19, 2018, 11:17 a.m. No.4378264   🗄️.is 🔗kun

>>4378253

US Federal Reserve Raises Interest Rates Against Trump's Wishes

 

The US central bank moved to lift the federal funds rate from 2.25 percent to 2.50 percent, the technical tool the Fed is able to tinker with through open market operations. The move defies the wishes of American politicians as US President Donald Trump, who called for the Fed to keep rates standing pat.

 

The Federal Reserve lowered its forecast for future rate hikes. Wednesday's rate hike marked the fourth increase of 2018, and the ninth such move since Q4 2015, when the central bank started to unwind the easy-money policy known as quantitative easing, which effectively brought rates to the zero-lower bound and kept them there during the recovery from the 2008 recession.

 

The decision aligned with the expectations of traders and investors in the market: The Dow Jones Industrial increased about 0.023 percent as of time or writing, while the S&P 500 had increased 1.11 percent. If the decision had been out of line with expectations, it's more likely there would have been a more amplified movement in share prices one way or the other.

 

"The Committee judges that some further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective over the medium term," the Fed's Open Market Committee (FOMC) said in a post-meeting statement.

 

https://sputniknews.com/business/201812191070835993-us-federal-reserve-increases-interest-rates/?utm_source=https://t.co/q5MnDOFHvp&utm_medium=short_url&utm_content=krPg&utm_campaign=URL_shortening

Anonymous ID: 13fedd Dec. 19, 2018, 11:19 a.m. No.4378307   🗄️.is 🔗kun   >>8413 >>8473

Square is making another attempt to break into banking.

 

https://www.cnbc.com/2018/12/19/square-makes-a-second-attempt-to-break-into-banking.html?__source=twitter%7Cmain

 

Square is selling too