for the fourth Time this year, the US Central Bank raises this year, the key interest rate – to a new Ten-year High. Despite criticism from the White house, the Fed wants to put their course in 2019.
The US Central Bank has raised interest rates for the fourth Time this year. You set the interest rate corridor to a quarter of a percentage point to 2.25 percent to 2.5 percent. He is not as high as in ten years.
Fed Chairman wants a more cautious approach
signalled At the same time, the Central Bank, that it will be in the coming year, further increases in interest rates, but not as many as in September. Instead of the three they estimated for 2019 are now only two further interest rate steps. The long-term interest rate they gave instead of 3 with only 2.8 per cent.
Fed chief Powell to be increases in the interest rate carefully.
Fed Chairman Jerome Powell, had recently stressed the Fed was nearing a level of interest rates, the economy slowed and neither pushed. Therefore, a cautious Approach was advisable.
pressure by Trump
Shortly before the beginning of the interest-rate meeting, US President, Donald Trump had tried to re-establish the independent guardian of the currency, under pressure. Via Twitter, he warned the Fed about to decide the in financial markets expected interest rate hike. The Central banker should not make “another mistake”. Trump believes that by unnecessarily high interest rates, the US economy stalled.
Powell rejected suggestions that the policy may influence monetary policy decisions. Political considerations played no role in the determination of the monetary policy stance, he said. “No one will deter us from going the right way,” said Central Bank chief.
Long years for Zero
of the steps of the U.S. Central Bank to have immediate significance for the stock markets and the foreign exchange rates. So the US will be strengthened by higher interest rates-Dollar. Share prices may fall, however, when rapid increases in Interest rates. Between the end of 2008 and the end of 2015, the interest rate was at the zero line.
meeting of the U.S. Central Bank: the FED interest rate raises again
Sebastian Schreiber, HR Washington
19.12.2018 21:08 PM
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