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Posted by: thepinetree on 06/13/2018 09:02 PM Updated by: thepinetree on 06/13/2018 09:02 PM
Expires: 01/01/2023 12:00 AM
:

Federal Reserve Continues Edging Up Interest Rates

Washington, DC....Information received since the Federal Open Market Committee met in May indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Job gains have been strong, on average, in recent months, and the unemployment rate has declined. Recent data suggest that growth of household spending has picked up, while business fixed investment has continued to grow strongly. On a 12-month basis, both overall inflation and inflation for items other than food and energy have moved close to 2 percent. Indicators of longer-term inflation expectations are little changed, on balance.




Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective over the medium term. Risks to the economic outlook appear roughly balanced.

In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 1-3/4 to 2 percent. The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation.

In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its maximum employment objective and its symmetric 2 percent inflation objective. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments.

Voting for the FOMC monetary policy action were Jerome H. Powell, Chairman; William C. Dudley, Vice Chairman; Thomas I. Barkin; Raphael W. Bostic; Lael Brainard; Loretta J. Mester; Randal K. Quarles; and John C. Williams.

Implementation Note issued June 13, 2018


Comments - Make a comment
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No Subject
Posted on: 2018-06-13 21:22:45   By: Anonymous
 
Yep, gonna cost you working folks more to get by, add increases fuel cost, add tariffs, add federal reduction in revenue sharing, Working folks dollar won’t go as far as it used to. Did trump or your big company employee give you a really big pay raise?

[Reply ]

    Re:
    Posted on: 2018-06-13 22:05:09   By: Anonymous
     
    Yeah but now I got a job finally and have a paycheck. You should of tried the last eight years of no job like me.

    [Reply ]

      Re:
      Posted on: 2018-06-14 02:01:13   By: Anonymous
       
      There were jobs everywhere. You must be lazy.

      [Reply ]

        Re:
        Posted on: 2018-06-14 04:20:28   By: Anonymous
         
        Profanity

        [Reply ]

          Re:
          Posted on: 2018-06-14 09:26:02   By: Anonymous
           
          Typical right winger devaluing the hard work of other people. I guess you were too good to take a job but you can!t say the jobs aren't there. I work at a local hotel and we are pretty much always hiring.

          [Reply ]

            Re:
            Posted on: 2018-06-14 09:46:42   By: Anonymous
             
            Thanks for the reality check. I see "now hiring" signs all over the county. I've spoken to two general contractors who say they have trouble finding workers willing to work. Many don't show up reliably.

            We don't have a jobs problem at this point; we have a labor problem. Not enough reliable workers even for relatively low skilled jobs. Many of these are jobs immigrants would take willingly and do well.

            [Reply ]

              Re:
              Posted on: 2018-06-14 10:36:21   By: Anonymous
               
              That's racist.

              [Reply ]

                Re:
                Posted on: 2018-06-14 10:49:41   By: Anonymous
                 
                Agreed. It is racist that white workers deem themselves too good for certain jobs.

                [Reply ]

                  Re:
                  Posted on: 2018-06-14 13:06:23   By: Anonymous
                   
                  Choice is our white privilege.

                  [Reply ]

                    Re:
                    Posted on: 2018-06-15 05:35:12   By: Anonymous
                     
                    What a racist Trumptard remark that is
                    Why should you be privileged because you are an ignorant, inbred white?

                    [Reply ]

      Re: work
      Posted on: 2018-06-14 06:15:10   By: Anonymous
       
      If you didn't have a job, you didn't feel like working.
      Whether you need to work 2, or 3 jobs to feed your family is the question.
      So for 8 years under Obama you just sat around and complained.
      Now with Trump, you are energized.
      Food costs more than 2 years ago.
      Gas costs more than 2 years.
      Those are two things that affect my bank account more than anything. Yes, my 401k has been doing well, but I won't be touching that money for a few more years.

      [Reply ]

        Re: work
        Posted on: 2018-06-14 09:21:04   By: Anonymous
         
        Lots of jobs in Texas at the children detention centers.
        2,000 children and counting .
        DHS is building a tent city to house the kids.
        The kids are taken from their parents, then sent to centers.
        Lots of jobs for Geo Group, DCC .
        This is a for profit scheme for tRumps pals.
        The immigrants are leaving Central America because they are threatened by death by the crime gangs there.

        Taking kids from parents, that's tRump America.

        Fox tried to push a lie Obama approved this, he didn't.

        America- so much winning , Canada now is called a security risk. Canada.

        [Reply ]

      Re:
      Posted on: 2018-06-14 23:07:49   By: Anonymous
       
      You gotta be the biggest liar on this board.m no job for 8 years. BS. How did you live? Off someone else? Made the ol’lady work while you drank beer in the shade? What horsecrp

      [Reply ]

    Re:
    Posted on: 2018-06-14 04:13:23   By: Anonymous
     
    You must be a dumpacrap or in your case a dumbpieceofcrap.

    Thank god with your President Trump at the helm we can rest assured that our Nation is much safer then Jerry's Mexifornia.

    [Reply ]

      Re:
      Posted on: 2018-06-14 04:15:58   By: Anonymous
       
      I'll take CA over any red state any day of the week.

      [Reply ]

        Re:
        Posted on: 2018-06-14 06:40:31   By: Anonymous
         
        So do illegal immigrants.

        [Reply ]

        Re:
        Posted on: 2018-06-14 06:43:54   By: Anonymous
         
        ^^^^ Boy there's a real loser!

        [Reply ]

          Re: real loser
          Posted on: 2018-06-14 06:52:52   By: Anonymous
           
          That would be HaHa boy.

          [Reply ]

            Re: real loser
            Posted on: 2018-06-14 07:28:20   By: Anonymous
             
            HAHAHA kiss my donkey, signed HAHAHA Man!!

            [Reply ]

              Re: real loser
              Posted on: 2018-06-14 10:59:32   By: Anonymous
               
              Your donkey is the only thing you have sex with. Besides your hand.

              [Reply ]

                Re: real loser
                Posted on: 2018-06-14 14:21:56   By: Anonymous
                 
                I'll ride you like a young donkey!!

                [Reply ]

      Re:
      Posted on: 2018-06-14 23:05:19   By: Anonymous
       
      The nation is safer because of Trump? Jeez, not according to generals, colonels, intelligence experts, CIA, and everyone else except fox news.

      Oh, but you will be thrilled that trump wants a real big military parade costing about 50 million to make you think he is really making us great again.

      Sheeeit!

      [Reply ]

No Subject
Posted on: 2018-06-14 07:41:03   By: Anonymous
 
Unfortunately for those carrying debt, especially on credit cards, that's going to hurt more and will pretty much wipe out any personal gain.

[Reply ]

    Re:
    Posted on: 2018-06-14 09:52:26   By: Anonymous
     
    It's also a big setback for young families hoping to buy a house. Figure an extra $100 per month on your mortgage payment for the same balance. That's more than most families got from the tax cut bill.

    Given that the Fed says more increases are coming, anyone planning to buy a house should do so as quickly as possible. Paying more for interest is just flushing money down the drain, esp. since many buyers won't be deducting interest on their taxes anymore.

    [Reply ]

    Higher Fed Rate, Ballooning Deficit
    Posted on: 2018-06-14 09:57:16   By: Anonymous
     
    Many now are warning of a economic recession caused by higher Fed tares, and the scam tax cuts which is adding $Trillions to the deficit.
    Add tariff trade wars with our allies , which also will depress the economy , and the stage is set for a self inflicted economic recession.

    tRump seems hell bent of enriching his $Billionaire pals at the expense of most Americans.

    Few economists agree with the moves made by this administration.
    Once again trickle down is wheeled out, the tired fraud again touted as the way to prosperity, when it never has anywhere it is used around the world.

    All that is going to happen is self enrichment for the 1% and tRump.
    The 99% will once again lose their jobs, and retirements, this is called disaster capitalism , it happened in 2008, and the forces at work, the Republicans are at it again paving the way for a larger recession than 2008.

    The same scenario happens - the Republicans raise the deficit by tax cuts , and cause a recession, the Democrats restore the economy, then have an election stolen, then the Republicans again wreck the economy for their pals.

    Bernake - a recession by 2020 or sooner.

    [Reply ]

      Re: Higher Fed Rate, Ballooning Deficit
      Posted on: 2018-06-14 10:39:41   By: Anonymous
       
      You are wrong.

      [Reply ]

      Re: Higher Fed Rate, Ballooning Deficit
      Posted on: 2018-06-14 15:53:18   By: Anonymous
       
      I thought Democrats liked paying taxes and regulatory fees?
      Gavin Newsom want to raise your taxes.
      Nancy Pelosi and Chuck Shumer want to raise your taxes. Why the liberal whining?

      [Reply ]

        Re: Higher Fed Rate, Ballooning Deficit
        Posted on: 2018-06-14 16:40:47   By: Anonymous
         
        Yep raises taxes on those wealthy who play games to avoid taxes.
        Brown raised taxes a little , and opened the parks, schools were repaired, and the state was solvent again, the banks lost interest on debt.

        Some liked it before sanity was restored, with a modest tax increase mainly on the wealthy, corporations.

        Cons will drag the citizenry down for their wealthy donors, sad.

        [Reply ]

          Re: Higher Fed Rate, Ballooning Deficit
          Posted on: 2018-06-16 09:14:34   By: Anonymous
           
          Cons, you all pay attention to this poster. You will learn how the Repubs and super rich and corporations are running this country for their profit and letting some occasional little bit tinkle down to working families.

          Like the big tax cut giving 95% to the super rich, which means less money for states and local government services like schools and roads.

          [Reply ]

      Re: Higher Fed Rate, Ballooning Deficit
      Posted on: 2018-06-16 09:05:13   By: Anonymous
       
      4 stars

      [Reply ]


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