Dr Jeff Cornwall

From the Congressional Joint Economic Committee:
“The Federal Reserve’s monetary policymaking committee announced today that it is increasing its target for overnight interest rates from 2.50% to 2.75%, a move that was widely anticipated.
* The Fed views risks of substantial increases or decreases in inflation over the next few quarters as roughly balanced. Similarly, risks of substantial increases or decreases in economic growth are also seen as balanced.
* The Fed mentioned that pressures on inflation have picked up in recent months.”