Welcome guest.  ( Sign in )

Federal Reserve is holding Interest Rates for now!

February 2, 2017 - Updated: February 2, 2017

 

Fed announces interest rate decision


 

 

As expected, the Federal Reserve held interest rates steady today as they assess where the economy is headed – and the agency intimated that rates might stay low for a good while to come.

Most experts felt the Fed’s policymaking committee would decline to raise rates today as the agency feels out the likely economic effects of the new administration.

“I don’t look for the Fed to do anything this week,” Sung Won Sohn, an economics professor at California State University, told the Associated Press. “They are starting to get their ducks in a row for further hikes, but it will be too soon to pull the trigger.”

Most other experts agreed that the Fed would take a wait-and-see stance. Consumer and business sentiment jumped after the election of President Donald Trump, but most experts felt the central bank would bide its time to make sure that rising confidence is matched with actions like stronger investment spending, hikes in compensation and continued hiring, according to a Bloomberg report.

The Fed’s decision today confirmed those expectations.

“In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 1/2 to 3/4 percent,” the Federal Open Market Committee said in a statement. “The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a return to 2 percent inflation.”

The FOMC also said that it expects economic conditions to evolve in a way that will warrant “only gradual increases” to the federal funds rate in the immediate future. The rate, the committee said, “is likely to remain, for some time, below levels that are expected to prevail in the longer run.

 

​Visit us at Durham Bungalows.ca for all your Real Estate needs!

 

source: http://www.canadianrealestatemagazine.ca/news/fed-announces-interest-rate-decision-220594.aspx


Tagged with: interest rates federal reserve
| | Share

Solar Eclipse today

Originally posted on: August 21, 2017
Last updated on: August 21, 2017
Filed under: solar eclipse
Solar Eclipse today starting around 1pm. Today between 1pm and 4pm there will be a partial Solar Eclipse. Canada won&# ...

Millennials will reshape the Real Estate Market

Originally posted on: August 17, 2017
Last updated on: August 17, 2017
Filed under: millennials real estate
Millennials to heavily impact real estate News 17 Aug 2017 ...

Homes with Amazing Window Features

Originally posted on: August 3, 2017
Filed under: homes windows
Touch of Glass ...

National Home Sales fall 6.7%

Originally posted on: July 27, 2017
Last updated on: July 27, 2017
Filed under: home sales house prices
Home sales fall once again News 17 Jul 2017 ...

New Rules for Condominiums to take effect this fall.

Originally posted on: July 25, 2017
Last updated on: July 27, 2017
Filed under: condo condominium
Starting this fall, new rules will make it easier for Condo owners to participate in owner's meetings and will make it easier for them to ac ...


Durham Bungalows
Brokerage
Independently owned and operated.

420 Green Street #105
Whitby, ON L1N 8R1


Phone: 1-905-995-0460
Powered by Lone Wolf Real Estate Technologies (CMS6)