01192018Fri
Last updateThu, 18 Jan 2018 7pm

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Manufacturing & The Economy

Fed Raising Interest Rates After Positive Signs from U.S. Economy

Information received since the Federal Reserve’s Federal Open Market Committee (FOMC) met in February indicates that the labor market has continued to strengthen and that economic activity has continued to expand at a moderate pace.

In view of realized and expected labor market conditions and inflation, the FOMC decided to raise the target range for the federal funds rate to 3/4 to 1%. The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2% inflation. 

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