The Federal Reserve on Wednesday lifted its benchmark rate by a quarter of a percentage point, the second hike this year.<\/p>\n
And a majority of policy makers said they now expect a total of four interest rate increases this year. Fed officials had been split about whether to raise rates three times this year or four.<\/p>\n
The decision reflected an economy that’s getting even stronger. Unemployment is 3.8%, the lowest since 2000, and inflation is creeping higher. The Fed is raising rates gradually to keep the economy from overheating.<\/p>\n
“The main takeaway is that the economy is doing very well,” Fed Chairman Jerome Powell said at a news conference. “Most people who want to find jobs are finding them, and unemployment and inflation are low.”<\/p>\n","protected":false},"excerpt":{"rendered":"
The Federal Reserve on Wednesday lifted its benchmark rate by a quarter of a percentage point, the second hike this year. And a majority of policy makers said they now expect a total of four interest rate increases this year. Fed officials had been split about whether to raise rates three times this year or […]<\/p>\n","protected":false},"author":1,"featured_media":478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,17,22,23],"tags":[],"class_list":["post-641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lib-dems","category-snp","category-ukip","category-us-politics"],"_links":{"self":[{"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/posts\/641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/comments?post=641"}],"version-history":[{"count":0,"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/posts\/641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/media\/478"}],"wp:attachment":[{"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/media?parent=641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/categories?post=641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/tags?post=641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}