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Nearly 3% growth, said to be impossible.
But it is nice to see 1 year CDs hit 2.25%
Fed raises 2018 outlook for US economy
Economic activity has been rising at a "solid" rate, the Fed's statement said, marking an upgrade from "moderate" in the previous statement.
The median real GDP forecast rose to 2.8 percent, up from 2.7 percent, for this year.
Policymakers also lowered their expectations for the unemployment rate.
Nearly 3% growth, said to be impossible.
It's not great since inflation rate is at 2.8% and it's going to go higher.
HeadSet saysBut it is nice to see 1 year CDs hit 2.25%
Yeah, at that high rate it will only take about 30 years to double your money.
komputodo says+HeadSet saysBut it is nice to see 1 year CDs hit 2.25%
Yeah, at that high rate it will only take about 30 years to double your money.
True:
1.0225 ^ 30 = 1.95
No, 4% announced by Trump were said to be hard to reach.
Bad news for housing.
Bad news for housing.
Economic activity has been rising at a "solid" rate, the Fed's statement said, marking an upgrade from "moderate" in the previous statement.
The median real GDP forecast rose to 2.8 percent, up from 2.7 percent, for this year.
Policymakers also lowered their expectations for the unemployment rate.
https://www.cnbc.com/2018/06/13/fed-raises-2018-outlook-for-us-economy.html
The Federal Reserve hikes its benchmark short-term interest rate a quarter percentage point.
The Fed says in a statement that economic growth has been "rising at a solid rate," an upgrade from "moderate" in May.
The central bank points to two more hikes, which would bring the 2018 total to four increases.
https://www.cnbc.com/2018/06/13/fed-hikes-rate-by-a-quarter-point.html
Nearly 3% growth, said to be impossible.