The Fed recently raised rates for the second time in 2018 and signaled that two additional rate hikes were expected before year-end. Committee members noted continued strength in the labor market, household spending and business investment, with a slight uptick in inflation. The Fed acknowledged that inflation is moving closer to the Fed’s stated 2% target. (more…)

The Fed recently raised rates for the first time in 2018, after leaving rates unchanged in January. Committee members noted significant strength in the labor market and a slight uptick in inflation. They did, however, note that the inflation level was still quite low overall.  (more…)