FED HIKES INTEREST RATES: Fourth time this year, despite Trump pressure (FNN)
December 19, 2018
1,224
9
19
2.29%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Livenow From Fox Episodes Around December 19, 2018
See what was published immediately before and after this episode.
45:41Now PlayingFED HIKES INTEREST RATES: Fourth time this year, despite Trump pressure (FNN)
YouTube Description
as posted by the channelThe Federal Reserve on Wednesday raised short-term interest rate for the fourth time this year, but signaled a slower pace of gradual rate hikes next year, expecting to hit neutral by the end of 2019.
As expected, policymakers at the central bank said they voted to hike the benchmark federal funds rate by a quarter percentage point, setting a range of 2.25 percent to 2.5 percent.
Wall Street and investors were closely watching the Fed’s announcement after Chair Jerome Powell struck an optimistic note about the state of the U.S. economy in November, suggesting that interest rates are nearing neutral.
"The Fed continues to see that the economy has been continuously surpassing expectations throughout year, with exceptional job growth rates month after month in a labor market that has had very little slack, which demonstrates just how healthy it is," said Steve Rick, chief economist at CUNA Mutual Group. He noted the fourth hike was "not at all surprising."
The policymakers anticipate interest rates will hit neutral by the end of 2019, but suggested there would be one more hike in 2020 before holding steady.
Sharing a mix of breaking news, Arizona stories, engaging discussions, and popular culture.
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.