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https://www.usatoday.com/story/money/2018/12/19/fed-decision-interest-rates/2306246002/
The Federal Reserve sees stormy skies ahead, too. Let the discussion begin as to what's causing them.
Downgrading its economic outlook, the Federal Reserve raised its key interest rate Wednesday for a fourth time this year but lowered its forecast to two hikes in 2019 amid the recent stock market selloff and uncertain growth prospects.
As expected, the Fed raised the federal funds rate -- which is what banks charge each other for overnight loans – by a quarter point to a range of 2.25 percent to 2.5 percent.
But in a statement after a two-day meeting, the Fed newly acknowledged a slowdown in global economic growth, the stock market’s plunge and a strong dollar that’s making U.S. exports more expensive for overseas customers.
The Federal Reserve sees stormy skies ahead, too. Let the discussion begin as to what's causing them.