ACRO Global Tourism Marketer Articles: US Federal Reserve raises key interest rate from 1.50% to 1.75% as economic growth continues

US Federal Reserve raises key interest rate from 1.50% to 1.75% as economic growth continues
By

David
22 March 2018 (Edited )

Share This Article

Washington Post

David H. Boggs

President/CEO
ACRO Global
Publisher
TourismMarketer

Follow @davidhboggs

Subscribe to my blog

Rating	80/5 1 2 3 4 5 4/5 based on 1 vote. Show Individual Votes
Views	135 views. Averaging 135 views per day.
Related Articles	Federal Reserve 20 September 2017: target range for federal funds rate to remain at 1 to 1-1/4 percent Fed raises target funds rate range by 1-1.25% as labor market continues to strengthen Fed raises federal funds target rate by 0.25% Federal Reserve raises interest rates 0.25% citing steady economic growth

External Article: https://www.federalreserve.gov/newsevents/pressreleases/monetary20180321a.htm

Comments on US Federal Reserve raises key interest rate from 1.50% to 1.75% as economic growth continues

•David
Senior Member

Usergroup: Administrator
Joined: 30 January 2012
Location: New England USA Web: DavidHBoggs.com

Total Articles: 2729
Total Comments: 498

•David

#1 - Quote - Permalink

Posted 22 March 2018:

The Federal Open Market Committee - led for the first time by Chairman Jerome Powell - announced in a statement yesterday that in view of expectations for continuing moderate economic expansion and strong labor-market conditions, the target range for the federal funds rate is being increased from 1.50% to 1.75%.

Consumer interest rates, especially on credit-card and other variable-rate debt, are expected to rise immediately as a result.

So sellers of stuff bought on credit cards - like travel - need to be watching the consumer-confidence score and taking it into account in planning.

Post Reply

Previous Article | Next Article

Quick Reply
Your Name:
Your Comment: You may use BB Codes in your message.	<p></p>
Spam Prevention: