Fed raises benchmark interest rate, plots path for additional increases.
The Federal Reserve increased the federal funds rate by 25 basis
points, lifting the overnight lending rate to 1.5 percent. While the Fed
noted that the inflation outlook had moderated in recent months, an
upgraded economic forecast factoring in recent tax cuts and a rollback
in regulation strengthened growth projections for the next two years. As
a result, the Fed has guided toward two additional rate hikes this
year, while setting the stage for as many as four increases in 2019... ...more RSK: From what I see here, investors want a slightly higher rate of return for the future risk in their real estate investments. Asking prices are softening... | ||
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