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Montevideo, September 24th 2018 - 02:00 UTC

Tag: US interest rates

  • Wednesday, March 21st 2018 - 20:25 UTC

    Powell's Fed confirms gradualism: anticipates 5 more modest rate increases in next 21 months

    Jerome Powell said the Fed expects to increase rates twice more this year, and in 2019 from two to three, reflecting on faster growth and lower unemployment.

    The Federal Reserve is raising its benchmark interest rate to reflect a solid U.S. economy and signaling that it's sticking with a gradual approach to rate hikes for 2018 under its new chairman, Jerome Powell. The Fed said it expects to increase rates twice more this year. At the same time, it increased its estimate for rate hikes in 2019 from two to three, reflecting an expectation of faster growth and lower unemployment.