tacobell fan Posted June 13, 2018 Report Posted June 13, 2018 https://www.npr.org/2018/06/13/619212907/interest-rates-expected-to-go-up-with-more-hikes-to-come The Federal Reserve hiked America's benchmark interest rate a quarter point on Wednesday to 1.75 to 2 percent, a move that will likely cause a slight increase in mortgage, credit card, auto and small business loan rates. This hike, which was widely expected, is the Fed's second of 2018, and the central bank signaled it is likely to do two more increases by the end of this year. The U.S. economy continues to strengthen, the Fed indicated, and it no longer needs the historically low interest rates that were put in place in the aftermath of the financial crisis to stimulate growth. Unemployment is already at 3.8 percent, the lowest since 2000, and the Fed believes it will fall to 3.6 percent by the end of the year, which would be the best rate since the 1960s. The central bank also lifted its growth forecast to 2.8 percent this year, up a small amount from its projection of 2.7 annual growth in March. U.S. companies are hiring at a rapid pace and consumer and business spending remains healthy, the Fed noted, and core inflation is finally expected to hit the central bank's target of 2 percent this year. Quote
Jagamondi Posted June 13, 2018 Report Posted June 13, 2018 Which means housing loans and credit card rates will rise!! Quote
tacobell fan Posted June 13, 2018 Author Report Posted June 13, 2018 Just now, Jagamondi said: Which means housing loans and credit card rates will rise!! Strong economy ani baga pedatunnaru Quote
Spartan Posted June 13, 2018 Report Posted June 13, 2018 they will be more agressive for next rise as well.. inflation.. Quote
tacobell fan Posted June 13, 2018 Author Report Posted June 13, 2018 1 minute ago, Spartan said: they will be more agressive for next rise as well.. inflation.. inko stimulus package vache varuku ilane chestaru bro Quote
Allarinaresh10 Posted June 13, 2018 Report Posted June 13, 2018 1 hour ago, Spartan said: they will be more agressive for next rise as well.. inflation.. Next rise ante inko 5 years taravatha Quote
tacobell fan Posted June 13, 2018 Author Report Posted June 13, 2018 Just now, Allarinaresh10 said: Next rise ante inko 5 years taravatha Two more on the way in 2018. Quote
Spartan Posted June 13, 2018 Report Posted June 13, 2018 5 minutes ago, Allarinaresh10 said: Next rise ante inko 5 years taravatha lol...it can be even in next month...forget about 5 years.. Quote
Satabdi Posted June 13, 2018 Report Posted June 13, 2018 17 minutes ago, Spartan said: lol...it can be even in next month...forget about 5 years.. Quote
perugu_vada Posted June 13, 2018 Report Posted June 13, 2018 Peruguta tharuguta kora k ani pedhalu uri k analedu Quote
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