Fed Imposes Interest Rate Hike and Predicts More in Next 3 Years

25 Point Hike Hits Gold Now; Increases Investment Value for Future Despite numbers that show industrial production suffering its biggest drop since the spring and retail sales nearly flat-lining, the United States Federal Reserve raised interest rates by 25 basis points and signaled more of the same to come in 2017-2019. Fed Chair Janet Yellen herself expressed concerns about low productivity growth, while other economists raised the hope that the numbers would be revised upward by January or show a reverse. The December increase, coming an entire year after the last rate hike (the first by the Fed in over 9 years) and promises to do the same throughout 2016, is justified by large jumps in the costs of services and producer items. Inflation is expected to go up steadily toward 2 percent. If it rises more quickly, it would indeed set the stage for the suggestion that more interest rate increases are to come. If the new Trump administration carries through on its electi...

from GoldBroker.com https://www.goldbroker.com/news/fed-imposes-interest-rate-hike-and-predicts-more-in-next-3-years-1060