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Fed leaves rates unchanged, lowers economic forecasts
The Washington Post ^
| Match 16, 2016
| Steven Mufson
Posted on 03/16/2016 11:41:27 AM PDT by John W
The Federal Reserve left its benchmark interest rate unchanged today and lowered its economic forecasts after a turbulent start to the year in financial markets and lackluster U.S. growth persuaded the central bank to reassess the timing and magnitude of its plan to raise rates.
The Fed maintained its target for interest rates at a range of 0.25 to 0.50 percent to give the U.S. recovery more time to get on a stable track without making recovery more difficult for the rest of the world, where growth is flagging.
Only one member of the Federal Reserve's open market committee dissented from the decision to postpone action. Esther L. George urged the central bank to boost rates by a quarter of a percentage point now. The consensus forecast of the committee suggested that the Fed expects to raise rates on two or three occasions later this year.
(Excerpt) Read more at washingtonpost.com ...
TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: economy; fed; fedrate; interestrates; thefed
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To: SaveFerris
100%
41
posted on
03/17/2016 2:36:18 PM PDT
by
Chode
(Stand UP and Be Counted, or line up and be numbered - *DTOM* -w- NO Pity for the LAZY - Luke, 22:36)
To: SaveFerris
The illusion will continue as long as it's profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, they will pull back the curtains, they will move the tables and chairs out of the way and you will see the brick wall at the back of the theater. Frank Zappa
42
posted on
03/17/2016 2:42:30 PM PDT
by
Chode
(Stand UP and Be Counted, or line up and be numbered - *DTOM* -w- NO Pity for the LAZY - Luke, 22:36)
To: Georgia Girl 2
Accumulate cash, get out of debt, that kind of thing?
43
posted on
03/17/2016 10:06:15 PM PDT
by
grey_whiskers
(The opinions are solely those of the author and are subject to change without notice.)
To: grey_whiskers
Cash, junk silver,food,ammo and food.
44
posted on
03/17/2016 10:37:36 PM PDT
by
Georgia Girl 2
(The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
To: John W
The more they steal, the less we spend. Amen.
45
posted on
03/17/2016 10:53:04 PM PDT
by
Varsity Flight
(Extortion-Care is is the Government Work-Camp)
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