男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Fed raises rates as job gains, firming inflation stoke confidence

Updated: 2017-03-16 06:48

Fed raises rates as job gains, firming inflation stoke confidence

Federal Reserve Chair Janet Yellen speaks during a news conference after a two day Federal Open Market Committee (FOMC) meeting in Washington, March 15, 2017.[Photo/Agencies]

WASHINGTON - The US Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank's target.

The decision to lift the target overnight interest rate by 25 basis points to a range of 0.75 percent to 1.00 percent marked a convincing step in the Fed's effort to return monetary policy to a more normal footing.

Fed Chair Janet Yellen pointed to growing faith in the economy's trajectory.

"We have seen the economy progress over the last several months in exactly the way we anticipated," Yellen said in a press conference following the end of a two-day policy meeting. "We have some confidence in the path the economy is on."

The Fed also stuck to its outlook for two additional rate increases this year and three more in 2018. The central bank lifted rates once in 2016.

Stock markets extended gains and bond yields fell on the benign economic outlook and the continued steady path of rate rises signaled by the central bank. The dollar was trading lower against a basket of currencies.

Fed policymakers noted that inflation was now "close" to the central bank's 2 percent target, and that business investment had "firmed somewhat" after months of weakness.

However, they did not flag any plan to accelerate the pace of monetary tightening, with the policy-setting committee reiterating and Yellen emphasizing that future rate increases would be "gradual." At the current pace, rates would not return to a neutral level until the end of 2019.

Rather, the Fed's statement said the inflation target was "symmetric," indicating that after a decade of below-target inflation it could tolerate a quicker pace of price rises.

"It relieves some of the fears we've had that perhaps the Fed was going to raise rates faster in the future. They've chosen not to signal that," said Brad McMillan, chief investment officer at Commonwealth Financial.

Wall Street's top banks see two additional interest rate rises this year from the Federal Reserve and most expect at least three more in 2018, a Reuters poll showed Wednesday.

Agencies

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 都昌县| 沈丘县| 江口县| 舟曲县| 南溪县| 武安市| 全州县| 尼木县| 新绛县| 含山县| 贞丰县| 财经| 池州市| 奉新县| 绵竹市| 平利县| 赞皇县| 涿鹿县| 鸡东县| 明光市| 石河子市| 习水县| 鲁甸县| 平泉县| 巴林左旗| 连平县| 全南县| 宜兴市| 台安县| 陵川县| 天津市| 拜城县| 隆回县| 西峡县| 安吉县| 靖宇县| 社会| 东源县| 乌拉特中旗| 浦城县| 邓州市|