2017 NIT Bracket Released: Iowa Hosts South Dakota on Wednesday Night
Kyle Busch-Joey Logano brawl brings buzz to NASCAR Cup | FOX Sports

Fed rate hike highlights economic news this week

An expected Federal Reserve rate hike highlights a busy week of economic news. While a rate increase is virtually certain, economists will be looking to see whether Fed officials bump up their forecasts for hikes over the next couple of years now that inflation and business confidence are picking up. The week also features reports on inflation, retail sales, housing starts and industrial production.

Fed policymakers signaled last week that a rate increase is likely at a two-day meeting that ends Wednesday. A move was all but guaranteed by Friday’s strong jobs report, which showed 235,000 payroll gains in February, as well as faster wage growth and a drop in the unemployment rate to 4.7%. More suspense surrounds Fed policymakers’ projections. Economists generally believe the central bank’s median estimate will continue to call for three quarter-point rate increases both this year and in 2018. But there’s some risk that gets pushed to four as inflation nears the Fed’s annual 2% target and business confidence keeps juicing markets in anticipation of President Trump’s plan to cut taxes and regulations.

via www.usatoday.com


Feed You can follow this conversation by subscribing to the comment feed for this post.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Your Information

(Name and email address are required. Email address will not be displayed with the comment.)