Los Angeles Times

Fed raises key interest rate but signals slower pace of increases ahead

WASHINGTON - Amid stock market turmoil and President Donald Trump's attacks on the Federal Reserve for raising rates, Fed officials announced a potentially significant shift in policy Wednesday by signaling a slower path of interest rate increases in the future.

The U.S. central bank, as expected, did boost its benchmark interest rate by a quarter percentage point, to a range of 2.25 percent to 2.5 percent. That was the fourth such rate hike

You’re reading a preview, subscribe to read more.

More from Los Angeles Times

Los Angeles Times4 min read
George Skelton: News Business Needs Help In California. Is Government The Answer?
SACRAMENTO, Calif. — Newspapers are dying. That’s old news. What’s new is that in California, they may get some state government life support. There’s state legislation brewing that would force the largest internet platforms — like Google — to kick
Los Angeles Times3 min read
Environmental Review Of Burbank-Palmdale High-speed Rail Released
LOS ANGELES — Since the earliest plans for the California High-Speed Rail Project, the segment connecting the Central Valley to Los Angeles has been fraught with controversy and technical conundrums. Political pressure and other concerns ultimately p
Los Angeles Times2 min readInternational Relations
Ari Emanuel Denounces Israeli Prime Minister At Jewish Group’s Gala
Endeavor Chief Executive Ari Emanuel this week called for Israeli Prime Minister Benjamin Netanyahu’s ouster and denounced his leadership following the Oct. 7 Hamas attack. The Hollywood power player made the remarks during the Simon Wiesenthal Cente

Related Books & Audiobooks