The Fed cited the strong U.S. economy as the reason for the third interest rate hike of the year from a range of 1.75% to 2% up a quarter point to 2% to 2.25%; still at historically low levels.
The Fed also signaled that it will probably raise rates again in December, but did not use the word "accommodative" to describe its policy actions. Among Fed tea-leaf readers, that probably means that the Fed will consider slowing down the pace of rate hikes in 2019.
Rising Interest Rates
Thursday, November 8, 2018
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