Fed raises key interest rate but signals slower pace of increases ahead
by Don Lee, Los Angeles Times
Dec 19, 2018
3 minutes
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.
Start your free 30 days