EDITION: US | UK | Canada
Thecapitalpost.com - Breaking, International, Business, Sports, Entertainment, Technology and Video NewsThecapitalpost.com - Breaking, International, Business, Sports, Entertainment, Technology and Video News
Sign In|Sign Up
 
 
Bridging The Gap
US raises key interest rate by 0.25% on strengthening economy
  Saturday 17 December, 2016
US raises key interest rate by 0.25% on strengthening economy

The US Federal Reserve has raised its benchmark interest rate by 0.25%, only the second increase in a decade.

The central bank voted unanimously to raise the key rate to a range of 0.5% to 0.75%, citing a stronger economic growth and rising employment.

But the central bank said it expected the economy to need only "gradual" increases in the short term.

Fed chairwoman Janet Yellen said the economic outlook was "highly uncertain" and the rise was only a "modest shift".

However, the new Donald Trump administration could mean rates having to rise at a faster pace next year, she signalled at a news conference after the announcement.

The president-elect has promised policies to boost growth through tax cuts, spending and deregulation.

'Cloud of uncertainty'

Ms Yellen said it was wrong to speculate on Mr Trump's economic strategy without more details.

But she added that some members of the Federal Open Markets Committee, the body which sets rates, have factored in to their forecasts an increase in spending.

As a consequence, the FOMC said it now expects three rate rises next year rather than the two that were predicted in September.

Ms Yellen told the news conference: "We are operating under a cloud of uncertainty... All the FOMC participants recognise that there is considerable uncertainty about how economic policy may change and what effect they may have on the economy."

Also, she declined to be drawn on Mr Trump's public comments about the Fed, and his use of tweets to announce policy and criticise companies.

"I'm a strong believer in the independence of the Fed," she told journalists. "I am not going to offer the incoming president advice."

The interest rate move had been widely expected, and followed the last increase a year ago.
Reflection of confidence

Rates have been near zero since the global financial crisis. But the US economy is recovering, underlined by recent data on consumer confidence, jobs, house prices and growth in manufacturing and services.

Ms Yellen said the rate rise "should certainly be understood as a reflection of the confidence we have in the progress that the economy has made and our judgment that that progress will continue".

Although inflation is still below the Fed's 2% target, it expects the rise in prices to pick up gradually over the medium term.

"The Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate," the Fed statement said.

It added: "The federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run."

The Fed also published its economic forecasts for the next three years.

These suggest that the Federal Funds rate may rise to 1.4% next year; 2.1% in 2018; and 2.9% in 2019.

GDP growth will rise to 2.1% next year and stay there, more or less, during those years.

The unemployment rate will fall to 4.5% over the 2017-2019 period, the Fed forecast.

And inflation will rise to 1.9% next year and hover at that level for the next two years.

The dollar rose 0.5% against the euro to 0.9455, and was 0.9% higher against the yen at 116.17 yen.

Wall Street's main stock markets were largely unmoved immediately after the Fed's announcement, but drifted lower later. The Dows Jones index closed down 0.6%, and the S&P 500 was 0.8% lower.
Analysis: Michelle Fleury, New York business correspondent

There's a name missing from the Federal Reserve's statement - Donald Trump. The president-elect's surprise triumph at the polls last month has turned out to be a short term boost to the US economy.

Stock markets have surged higher, and consumer confidence indicators show US consumers feeling even more upbeat. The challenge for the Fed is working out what his election may mean to the economy in the next year or so.

The most obvious likely impact could come from tax cuts which both he and the Republican Congress seem to favour. Less certain is an infrastructure spending spree that Mr Trump would evidently like, but which many in Congress are less keen on.

If Janet Yellen and her colleagues considered these political issues, they weren't mentioned in the official statement on monetary policy. Nevertheless Mr Trump has a way of breaking in to most conversations these days.

And the first question asked of Ms Yellen at her press conference duly concerned America's next president - and she admitted that Mr Trump's impact on US tax and spending policies might have influenced some of her colleagues forecasts for next year.

Source: http://www.bbc.com/news/business-38323037

Bookmark and Share
 
Post Your Comments:
Name :
*
City / State:
*
Email address:
*
Type your comments:
*
Enter Security Code:   


 Your Comments

cialis vs viagra effectiveness
_a href="http://viagrapipls.com/"_buy viagra online_/a_
viagra prices to drop
_a href="http://viagrapipls.com/"_buy viagra_/a_
youtube viagra commercial 2015 super bowl
http://viagrapipls.com/
viagra generic manufacturer

 Brucewiz,Jbeil  Date:Wednesday 25 April, 2018

generic cialis thailand
_a href="http://cialispaxl.com/"_cialis generic_/a_
brand name cialis 20mg
_a href="http://cialispaxl.com/"_buy cialis_/a_
cialis coupons for walgreens pharmacy
http://cialispaxl.com/
cialis side effects muscle cramps

 JamesOvext,Kaohsiung Municipality  Date:Wednesday 25 April, 2018

generic cialis cost
_a href="http://cialisgrudj.com/"_buy generic cialis_/a_
coupon for cialis 5mg daily use
_a href="http://cialisgrudj.com/"_generic cialis online_/a_
cialis 30 lu tablet 20 mg
http://cialisgrudj.com/
generic cialis is it real

 Louisemurn,Ho Chi Minh City  Date:Wednesday 25 April, 2018

viagra generico dr. simi mexico
_a href="http://viagrapipls.com/"_generic viagra online_/a_
cialis vs viagra effectiveness
_a href="http://viagrapipls.com/"_viagra_/a_
viagra side effects long term
http://viagrapipls.com/
cialis price vs viagra recreational use

 Roberthum,Baghdad  Date:Wednesday 25 April, 2018

ever use cialis cialis for sale with paypal free coupons for cialis
_a href="http://jvrimages.com/"_cialis 20 mg_/a_ only today cialis sale buy cialis en lnea suisse cialis cialis panorama
cialis 100mg fta cialis generic online canada only now cialis com
http://jvrimages.com/#generic+for+cialis cialis precio soles cialis that ships to canada can you get cialis in prague

 Hrafdcenew,Loja  Date:Friday 20 April, 2018

preis cialis generika pr precio caja cialis 100mg non prescription cialis anchor _a href=http://jvrimages.com/#generic+cialis_viagra cialis levitra_/a_ cialis en franais ville achat cialis the price of 25 cialis 100mg
_a href=http://jvrimages.com/#cialis+20mg_tadalafil 20 mg_/a_ cialis prix inde discount 50 mg generic cialis comprar cialis internet for
http://jvrimages.com/#cialis+for+daily+use only now cialis for women buy cialis online canada free click here cialis order

 Hrafdcenew,Loja  Date:Thursday 19 April, 2018

cialis 25mg price cialis comprar barato cialis shops in singapore _a href=http://jvrimages.com/#viagra+wikipedia_tadalafil tablets_/a_ wirkung cialis animation soft cialis best results buy cialis online yahoo
_a href=http://jvrimages.com/#cialis+5mg_jvrimages.com_/a_ womens cialis for sale uk how much should cialis cost the best site online us cialis
http://jvrimages.com/#cialis+5+mg cialis precio soles vendita cialis naturale compra cialis postepa

 Hrafdcenew,Loja  Date:Thursday 19 April, 2018

click here buy cialis in us click here cialis for women buy cialis generics nl _a href=http://jvrimages.com/#cialis+for+sale_callus formation_/a_ i was dared to take a cialis cheap cialis from the usa can nz buy cialis online au
_a href=http://jvrimages.com/#cialis+for+bph_lilly cialis sample request_/a_ cialis o cialis foro extenze used with cialis cheap real cialis uk
http://jvrimages.com/#cialis+online cialis generico in italia cialis sous h cialis 2010 chile

 Hrafdcenew,Loja  Date:Wednesday 18 April, 2018

cialis cipla best buy cialis 10 doctissimo
_a href="http://kaivanrosendaal.com/#Buy-Cheap-Cialis-Online"_buy cialis_/a_ we choice cialis uk enter site 20 mg cialis cost

 Brcenew,Loja  Date:Tuesday 17 April, 2018

cialis 20mg preis cf cialis generic tadalafil buy
_a href="http://kaivanrosendaal.com/#Buy-Cheap-Cialis-Online"_Cheap Cialis usa_/a_ ou trouver cialis sur le net we like it safe cheap cialis

 Brcenew,Loja  Date:Tuesday 17 April, 2018

cialis price versus viagra reviews
_a href="http://justinpro.com/#"_generic cialis_/a_
generic cialis vs viagra
_a href="http://justinpro.com/#"_generic cialis online_/a_
cialis 5 mg tablets cost
_a href="http://airvietnamairline.com/#"_generic cialis_/a_
cialis side effects dangers or viagra
_a href="http://airvietnamairline.com/#"_buy cialis_/a_
why are there two bathtubs in the cialis commercials

 WilliamhiX,Comilla  Date:Tuesday 17 April, 2018

herbal viagra side effects
_a href="http://amsboatyard.com/#"_buy viagra online_/a_
existe viagra generico en mexico
_a href="http://amsboatyard.com/#"_buy generic viagra online_/a_
meaning of viagra
_a href="http://viagrapillq.com/#"_generic viagra online_/a_
eu preciso de receita para comprar viagra
_a href="http://viagrapillq.com/#"_viagra generic_/a_
comprar viagra y cialis generico

 WilliamhiX,Comilla  Date:Monday 16 April, 2018

cialis online holland cialis 5 mg effetti collateral
_a href="http://kaivanrosendaal.com/#Cheap-Cialis"_cialis in usa_/a_ chinese cialis 50 mg venta de cialis canada

 Brcenew,Loja  Date:Monday 16 April, 2018

viagra for women fda approved
_a href="http://amsboatyard.com/#"_viagra_/a_
viagra effects on the liver
_a href="http://amsboatyard.com/#"_generic viagra online_/a_
viagra doses available
_a href="http://viagrapillq.com/#"_generic viagra_/a_
low cost viagra cialis 5mg
_a href="http://viagrapillq.com/#"_buy generic viagra_/a_
female pink viagra side effects

 WilliamhiX,Comilla  Date:Saturday 14 April, 2018

walmart pharmacy cialis 5 mg cost
_a href="http://coastalseaplanes.com/#"_cialis_/a_
is generic cialis real
_a href="http://coastalseaplanes.com/#"_buy generic cialis_/a_
cialis side effects dangers oral
_a href="http://northcoastgetaway.com/#"_generic cialis_/a_
cialis tab 20mg
_a href="http://northcoastgetaway.com/#"_cialis_/a_
cialis single dosage and timing

 WilliamhiX,Comilla  Date:Saturday 14 April, 2018

viagra generico qual o nome
_a href="http://blessingsofbirth.com/#"_generic viagra_/a_
viagra super active 100mg reviews
_a href="http://blessingsofbirth.com/#"_buy viagra_/a_
cost of generic viagra by teva generics
_a href="http://timmonssoftware.com/#"_buy generic viagra_/a_
maximum dosage of viagra per day
_a href="http://timmonssoftware.com/#"_generic viagra online_/a_
viagra prices at costco

 WilliamhiX,Comilla  Date:Friday 13 April, 2018

viagra brand online uk
_a href="http://blessingsofbirth.com/#"_buy generic viagra_/a_
viagra without a doctor prescription safety glasses
_a href="http://blessingsofbirth.com/#"_generic viagra online_/a_
how viagra effects blood pressure
_a href="http://timmonssoftware.com/#"_generic viagra_/a_
cialis viagra comparison
_a href="http://timmonssoftware.com/#"_buy viagra_/a_
cost of generic viagra walgreens pharmacy

 WilliamhiX,Comilla  Date:Thursday 12 April, 2018

generic viagra uk next day delivery
_a href="http://blessingsofbirth.com/#"_buy viagra online_/a_
youtube viagra commercial 2015
_a href="http://blessingsofbirth.com/#"_generic viagra_/a_
viagra tablet price in india
_a href="http://timmonssoftware.com/#"_viagra_/a_
female viagra stock price
_a href="http://timmonssoftware.com/#"_generic viagra_/a_
viagra commercial models names

 WilliamhiX,Comilla  Date:Thursday 12 April, 2018

generic cialis or viagra
_a href="http://justinpro.com/#"_generic cialis_/a_
cialis commercial same guy
_a href="http://justinpro.com/#"_buy cialis online_/a_
cialis e viagra generico
_a href="http://airvietnamairline.com/#"_generic cialis_/a_
generic cialis 20 mg coupons
_a href="http://airvietnamairline.com/#"_generic cialis_/a_
cialis 5 mg or 20 mg

 WilliamhiX,Comilla  Date:Wednesday 11 April, 2018

liquid cialis dosage recommendations
_a href="http://justinpro.com/#"_generic cialis online_/a_
cialis generico super active 20mg
_a href="http://justinpro.com/#"_generic cialis online_/a_
cialis generico opinion
_a href="http://airvietnamairline.com/#"_generic cialis online_/a_
cialis prices
_a href="http://airvietnamairline.com/#"_buy cialis_/a_
cialis 5 mg prices

 WilliamhiX,Comilla  Date:Tuesday 10 April, 2018

cialis side effects leg cramps
_a href="http://justinpro.com/#"_cialis_/a_
cialis dosage options
_a href="http://justinpro.com/#"_buy cialis_/a_
brand cialis online us pharmacy
_a href="http://airvietnamairline.com/#"_buy generic cialis online_/a_
levitra v viagra v cialis
_a href="http://airvietnamairline.com/#"_generic cialis online_/a_
cialis dosage information

 WilliamhiX,Comilla  Date:Tuesday 10 April, 2018

viagra side effects long term
_a href="http://blessingsofbirth.com/#"_buy viagra_/a_
onde comprar o viagra feminino no brasil
_a href="http://blessingsofbirth.com/#"_generic viagra online_/a_
generic name for viagra 100mg price in india
_a href="http://timmonssoftware.com/#"_buy viagra online_/a_
brand viagra online canada
_a href="http://timmonssoftware.com/#"_buy generic viagra online_/a_
is there a generic drug for viagra

 WilliamhiX,Comilla  Date:Monday 09 April, 2018

kamagra shop erfahrungen 2015
_a href="http://kamagrabst.com/"_kamagra gel opinie forum_/a_
come si usa il kamagra oral jelly
_a href="http://kamagrabst.com/"_kamagra oral jelly made in india_/a_
kamagra 100mg oral jelly india
http://kamagrabst.com/
kamagra 100mg chewables ajanta

 kamagra 100 mg,Linguere  Date:Saturday 07 April, 2018

kamagra 100mg chewable tablets
_a href="http://kamagrabst.com/"_buy kamagra 100mg_/a_
kamagra 100mg amazon
_a href="http://kamagrabst.com/"_kamagra 100mg oral jelly india_/a_
the kamagra store coupon
http://kamagrabst.com/
kamagra oral jelly manufacturers in india

 kamagra 100 mg,Linguere  Date:Friday 06 April, 2018

kamagra store coupon code
_a href="http://kamagrabst.com/"_kamagra oral jelly made in india_/a_
kamagra oral jelly review uk
_a href="http://kamagrabst.com/"_kamagra shop erfahrungen 2015_/a_
kamagra jelly reviews
http://kamagrabst.com/
apteka kamagra opinie forum

 buy kamagra 100 mg oral jelly,Linguere  Date:Thursday 05 April, 2018

kamagra kopen utrecht
_a href="http://kamagrabst.com/"_kamagra 100 mg oral jelly_/a_
side effects of kamagra oral jelly
_a href="http://kamagrabst.com/"_kamagra forum pl_/a_
kamagra gold 100mg side effects
http://kamagrabst.com/
kamagra 100 chewable tablet einnahme

 buy kamagra 100 mg,Jutiapa  Date:Tuesday 03 April, 2018

kamagra 100mg tablets usage
_a href="http://kamagradxt.com/"_kamagra 100mg chewables_/a_
kamagra oral jelly made in india
_a href="http://kamagradxt.com/"_buy kamagra 100 mg_/a_
kamagra use
http://kamagradxt.com/
kamagra 100mg tablets for sale uk

 buy kamagra online,Juuka  Date:Friday 30 March, 2018

kamagra 100mg tablets india price
_a href="http://kamagradxt.com/"_kamagra 100mg_/a_
kamagra 100mg tablets use
_a href="http://kamagradxt.com/"_buy kamagra_/a_
kamagra 100mg tablets for sale uk
http://kamagradxt.com/
kamagra oral jelly review forum

 kamagra oral jelly made in india,Juuka  Date:Thursday 29 March, 2018

mexican online pharmacies
_a href="http://canadianpharmacyrxbsl.com/"_canadian online pharmacies_/a_
discount drugs online pharmacy
_a href=http://canadianpharmacyrxbsl.com/?sildenafil-100-mg-wirkungsdauer_sildenafil 100 mg wirkungsdauer_/a_
pharmacy online store
_a href="http://canadianpharmacyrxbsl.com/?metformina-effetti-collaterali"_metformina effetti collaterali_/a_

 Matthewmef,Madagascar  Date:Friday 22 September, 2017

canadian pharmacy viagra
_a href="http://canadianpharmacyrxbsl.com/"_canadian online pharmacies_/a_
pharmacy tech
_a href=http://canadianpharmacyrxbsl.com/?metoprolol-po-to-iv-conversion_metoprolol po to iv conversion_/a_
drug stores near me
_a href="http://canadianpharmacyrxbsl.com/?what-is-prednisolone"_what is prednisolone_/a_

 Matthewmef,Madagascar  Date:Thursday 21 September, 2017

legitimate canadian mail order pharmacies
_a href="http://canadianpharmacyrxbsl.com/"_canadian pharmacy_/a_
canadian pharmacy uk delivery
_a href=http://canadianpharmacyrxbsl.com/?doxycycline-hyclate-100-mg_doxycycline hyclate 100 mg_/a_
pharmacy price compare
_a href="http://canadianpharmacyrxbsl.com/?prednisone-and-alcohol"_prednisone and alcohol_/a_

 Matthewmef,Madagascar  Date:Thursday 21 September, 2017

canada pharmacy online no script
_a href="http://canadianpharmacyrxbsl.com/"_canadian pharmacy_/a_
no 1 canadian pharcharmy online
_a href=http://canadianpharmacyrxbsl.com/?metformin-uses_metformin uses_/a_
canadian pharmacy without prescription
_a href="http://canadianpharmacyrxbsl.com/?viagra-en-ligne-livraison-24h"_viagra en ligne livraison 24h_/a_

 Matthewmef,Madagascar  Date:Thursday 21 September, 2017

buy prescription drugs canada
_a href="http://canadianpharmacyrxbsl.com/"_JerryFag_/a_
compare rx prices
_a href=http://canadianpharmacyrxbsl.com/?fluconazole-150mg_fluconazole 150mg_/a_
online pharmacy reviews
_a href="http://canadianpharmacyrxbsl.com/?fluconazol-para-que-serve"_fluconazol para que serve_/a_

 Matthewmef,Madagascar  Date:Tuesday 19 September, 2017

cialis shrinks prostate

_a href="http://cialisxrm.com/"_cialis generic_/a_

force culminate cialis

_a href=http://cialisxrm.com/_cialis without a doctor prescription_/a_

 RalphmoK,Paphos  Date:Wednesday 06 September, 2017

Regardless of the type or cause of anemia, the goal of the treatment is to increase the amount of oxygen your blood can carry.
In fact, I think it can be life threatening.
Just what David Cameron wanted.

_a href=http://kamagra100mgoraljelly.today_trusted kamagra sites uk_/a_

 jacknap,Washington  Date:Monday 17 July, 2017

wh0cd420795 _a href=http://levitraprice.us.com/_levitra price_/a_ _a href=http://genericforlipitor.us.com/_generic for lipitor_/a_ _a href=http://buyindocin.us.org/_indocin online pharmacy_/a_

 CharlesDease,Kralupy Nad Vltavou  Date:Thursday 29 June, 2017

wh0cd724955 _a href=http://buyclindamycin.us.org/_buy clindamycin online_/a_ _a href=http://ciprofloxacinhcl500mg.us.com/_ciprofloxacin prices_/a_ _a href=http://genericseroquel.us.com/_generic seroquel cost_/a_

 CharlesDease,Kralupy Nad Vltavou  Date:Thursday 22 June, 2017

Buy Amoxil Online
_a href=http://amoxilrx.com_Buy Amoxil Online_/a_
_a href=http://amoxilrx.com_Order Amoxil Online_/a_
Order Amoxil Online
buy amoxicillin online canada
_a href=http://amoxilrx.com/cheap-amoxil.html_cheap amoxil_/a_
how often to take amoxicillin 500mg
_a href=http://amoxilrx.com/buy-amoxil-500-mg.html_buy amoxil 500 mg_/a_

buy amoxil online
http://amoxilrx.com
amoxicillin and alcohol
http://amoxilrx.com/cheap-amoxil.html
buy amoxicillin online canada
http://amoxilrx.com/buy-amoxil-500-mg.html

buy amoxil online _a href="http://amoxilrx.com"_Buy Amoxil Online_/a_ amoxicillin 500 mg dosage instructions _a href="http://amoxilrx.com/cheap-amoxil.html"_cheap amoxil_/a_ buy amoxil cheap _a href="http://amoxilrx.com/buy-amoxil-500-mg.html"_buy amoxil 500 mg_/a_

 Anthonyblolf,Mount Carey  Date:Tuesday 20 June, 2017

wh0cd431445 _a href=http://zovirax247.us.com/_acyclovir_/a_ _a href=http://seroquel2017.us.com/_seroquel cost_/a_ _a href=http://effexor24.us.org/_Effexor_/a_ _a href=http://neurontinnorx.us.com/_buy neurontin online_/a_

 CharlesDease,Kralupy Nad Vltavou  Date:Tuesday 13 June, 2017

 Latest News »
 
  Arriving for state visit, Emma...
  For an emotional good-bye to B...
  Former first lady Barbara Bush...
  Donald Trump cancels South Ame...
  President Trump orders Nationa...
  Trump suggests he will send U....
  Trump freeze on Syria aid late...
  President Trump: 'No way' Unit...
  Trump announces $50bn in China...
  Army National Guard general un...
  'Space Force': Trump proposes ...
  President Trump, Congress hono...
  Trump takes executive action t...
  'No child, no teacher should e...
  First Trump State of the Union...
  Trump State of the Union addre...
  'America First policy is not A...
  In bid to save manufacturing j...
  Social security benefits? Pass...
  In extraordinary public negoti...
 

Current Conditions:
Partly Cloudy

Forecast:
Thu - Partly Cloudy. High: 68Low: 51
Fri - Showers. High: 62Low: 54
Sat - Partly Cloudy. High: 71Low: 52
Sun - Mostly Sunny. High: 58Low: 44
Mon - Sunny. High: 67Low: 44

Full Forecast at Yahoo! Weather



Washington, DC

  2010 The Capital Post. All rights reserved.