FOMC Hiked Rates as Expected, Three More in 2018

FOMC, as expected, raised the policy rate, by +25 bps, to the 1.25-1.5% range in December. However, the decision was made with Neel Kashkari and Charles Evans (both are doves) dissenting. The fed also upgraded the economic outlook, raising GDP growth forecasts and lowering the unemployment rate for the next year. Inflation would likely stay below the +2% target for the coming year.

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FOMC Hiked Rates as Expected, Three More in 2018