{"id":98654,"date":"2018-11-08T22:01:03","date_gmt":"2018-11-08T22:01:03","guid":{"rendered":"https:\/\/www.bnreport.com\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\/"},"modified":"2018-11-08T22:01:03","modified_gmt":"2018-11-08T22:01:03","slug":"us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\/","title":{"rendered":"US Fed holds rate steady, signals that a hike is likely in Dec"},"content":{"rendered":"

By Craig Torres
<\/strong>
The Federal Reserve left interest rates unchanged and stayed on course to hike in December as strong economic growth, higher tariffs and rising wages look set to spur inflation. <\/p>\n

The central bank said \u201ceconomic activity has been rising at a strong rate\u201d and job gains \u201chave been strong,\u201d acknowledging a drop in the unemployment rate, while repeating its outlook for \u201cfurther gradual\u201d rate increases in its statement Thursday following a two-day meeting in Washington. <\/p>\n

Risks to the outlook appear \u201croughly balanced,\u201d the Federal Open Market Committee said, leaving that language unchanged from the prior meeting in late September. Inflation expectations, which have slipped slightly in recent weeks according to some measures, were described as \u201clittle changed, on balance,\u201d the same as in the last statement. <\/p>\n

By keeping the door open to a fourth 2018 hike in December, officials are sticking to their gradual upward path, trying to prolong the second-longest U.S. expansion on record without making an error. Leaving monetary policy<\/a> too loose risks stoking excess inflation and asset bubbles, while tightening too fast could cause a recession. <\/p>\n

The unanimous 9-0 decision left the benchmark federal funds rate in a target range of 2 percent to 2.25 percent, following eight quarter-point hikes since late 2015. The interest rate the Fed pays banks on excess reserves \u2014 a tool for keeping the effective funds rate within the Fed's target range \u2014 was left unchanged at 2.2 percent, as expected. <\/p>\n

Business Investment<\/strong>
In one of the only other tweaks to the statement, the FOMC said growth in business fixed investment has \u201cmoderated from its rapid pace earlier in the year,\u201d compared with the previous assessment that it has \u201cgrown strongly.\u201d Third-quarter data showed non-residential investment increased at the slowest pace in almost two years. <\/p>\n

Meanwhile, household spending \u201chas continued to grow strongly,\u201d the Fed said, echoing its previous assessment of consumption, which accounts for about 70 percent of the economy. <\/p>\n

With three rate increases so far in 2018, Chairman Jerome Powell and colleagues are feeling their way toward a more normal policy setting after years of extraordinary stimulus. <\/p>\n

The tightening cycle may be crimping some segments of the economy. U.S. stocks suffered their steepest losses last month since 2011 in part because of concern the Fed could slow the economy too much. Sales of previously-owned homes were down 4.1 percent in September from a year earlier, and the cost of a 30- year fixed mortgage hit an eight-year high last week. <\/p>\n

The task of getting policy right is also complicated by harsher political scrutiny. President Donald Trump<\/a> criticized past rate shifts and blamed the Fed for the market meltdown in advance of this week's midterm elections, which delivered control of the House of Representatives to Democrats. <\/p>\n

Trade, Fiscal<\/strong>
A year since being nominated by Trump to helm the Fed, Powell is overseeing an economy in a sweet spot: It grew 3 percent over the past four quarters, and for the first time since the Fed introduced its 2 percent inflation objective in 2012, both the headline and core measures of year-on-year price changes hit the goal in September. <\/p>\n

Unemployment is at 3.7 percent, the lowest in 48 years, while rising wages and demand for labor are pulling more people into the workforce, helping offset retirements by baby boomers. <\/p>\n

Fed officials will update their forecasts in December having previously penciled in three increases in 2019, which would put the main rate roughly at levels that policy makers see as neither boosting nor restraining the economy. <\/p>\n

Thursday's Fed decision will be the last one without a press conference by the chairman. Powell's final regularly scheduled quarterly briefing will occur after December's gathering, and in 2019 he will begin speaking to reporters after every FOMC meeting. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

[contf]
\n[contfnew]
\n <\/p>\n

ET Markets<\/a><\/h5>\n

[contfnewc]
\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"

By Craig Torres<\/p>\n

The Federal Reserve left interest rates unc..<\/p>\n","protected":false},"author":1,"featured_media":98655,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-98654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nUS Fed holds rate steady, signals that a hike is likely in Dec - Business News Report<\/title>\n<meta name=\"description\" content=\"By Craig Torres The Federal Reserve left interest rates unc..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Fed holds rate steady, signals that a hike is likely in Dec - Business News Report\" \/>\n<meta property=\"og:description\" content=\"By Craig Torres The Federal Reserve left interest rates unc..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bnreport.com\/en\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\/\" \/>\n<meta property=\"og:site_name\" content=\"Business News Report\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-08T22:01:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/photo-11-4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1070\" \/>\n\t<meta property=\"og:image:height\" content=\"580\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"infopal11\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BNReport\" \/>\n<meta name=\"twitter:site\" content=\"@BNReport\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"infopal11\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\\\/\"},\"author\":{\"name\":\"infopal11\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\"},\"headline\":\"US Fed holds rate steady, signals that a hike is likely in Dec\",\"datePublished\":\"2018-11-08T22:01:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\\\/\"},\"wordCount\":634,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/11\\\/photo-11-4.jpg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\\\/\",\"name\":\"US Fed holds rate steady, signals that a hike is likely in Dec - Business News Report\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/11\\\/photo-11-4.jpg\",\"datePublished\":\"2018-11-08T22:01:03+00:00\",\"description\":\"By Craig Torres The Federal Reserve left interest rates unc..\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/11\\\/photo-11-4.jpg\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/11\\\/photo-11-4.jpg\",\"width\":1070,\"height\":580},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629\",\"item\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"US Fed holds rate steady, signals that a hike is likely in Dec\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"name\":\"Business News Report\",\"description\":\"Latest News on the World of Politics & Business\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\",\"name\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"width\":200,\"height\":50,\"caption\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Business-NewsReport-328225811095934\\\/\",\"https:\\\/\\\/x.com\\\/BNReport\",\"https:\\\/\\\/www.instagram.com\\\/business.newsreport\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\",\"name\":\"infopal11\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/author\\\/infopal11\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"US Fed holds rate steady, signals that a hike is likely in Dec - Business News Report","description":"By Craig Torres The Federal Reserve left interest rates unc..","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bnreport.com\/en\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\/","og_locale":"en_US","og_type":"article","og_title":"US Fed holds rate steady, signals that a hike is likely in Dec - Business News Report","og_description":"By Craig Torres The Federal Reserve left interest rates unc..","og_url":"https:\/\/www.bnreport.com\/en\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\/","og_site_name":"Business News Report","article_publisher":"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","article_published_time":"2018-11-08T22:01:03+00:00","og_image":[{"width":1070,"height":580,"url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/photo-11-4.jpg","type":"image\/jpeg"}],"author":"infopal11","twitter_card":"summary_large_image","twitter_creator":"@BNReport","twitter_site":"@BNReport","twitter_misc":{"Written by":"infopal11","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bnreport.com\/en\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\/#article","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\/"},"author":{"name":"infopal11","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f"},"headline":"US Fed holds rate steady, signals that a hike is likely in Dec","datePublished":"2018-11-08T22:01:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\/"},"wordCount":634,"publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/photo-11-4.jpg","articleSection":["Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.bnreport.com\/en\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\/","url":"https:\/\/www.bnreport.com\/en\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\/","name":"US Fed holds rate steady, signals that a hike is likely in Dec - Business News Report","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\/#primaryimage"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/photo-11-4.jpg","datePublished":"2018-11-08T22:01:03+00:00","description":"By Craig Torres The Federal Reserve left interest rates unc..","breadcrumb":{"@id":"https:\/\/www.bnreport.com\/en\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bnreport.com\/en\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\/#primaryimage","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/photo-11-4.jpg","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/photo-11-4.jpg","width":1070,"height":580},{"@type":"BreadcrumbList","@id":"https:\/\/www.bnreport.com\/en\/us-fed-holds-rate-steady-signals-that-a-hike-is-likely-in-dec\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629","item":"https:\/\/www.bnreport.com\/en\/"},{"@type":"ListItem","position":2,"name":"US Fed holds rate steady, signals that a hike is likely in Dec"}]},{"@type":"WebSite","@id":"https:\/\/www.bnreport.com\/en\/#website","url":"https:\/\/www.bnreport.com\/en\/","name":"Business News Report","description":"Latest News on the World of Politics & Business","publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bnreport.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bnreport.com\/en\/#organization","name":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a","url":"https:\/\/www.bnreport.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","width":200,"height":50,"caption":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","https:\/\/x.com\/BNReport","https:\/\/www.instagram.com\/business.newsreport"]},{"@type":"Person","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f","name":"infopal11","url":"https:\/\/www.bnreport.com\/en\/author\/infopal11\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/98654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/comments?post=98654"}],"version-history":[{"count":0,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/98654\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media\/98655"}],"wp:attachment":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media?parent=98654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/categories?post=98654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/tags?post=98654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}