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Fed Hikes Interest Rates as Jobs Data, Inflation Rise


March, 16 2017
watermark Economic news

The US Federal Reserve implemented another interest rate hike last Wednesday, the central bank’s second rate hike within a three-month period. The said rate hike was allegedly spurred by a consistently positive economic growth and steady job gains as well as a rising confidence in the country’s inflation rates. The Fed increased its rates by 0.25 basis points in order to reach the 75% range as part of the central bank’s attempt to revert its monetary policies to its previous stance. However, the central bank emphasized that its subsequent interest rates would be on a more gradual pacing, especially since its rates are not scheduled to retreat to its neutral region within two years.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.