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HIKED RATES 25 BPS TO 0.5%-0.75%, VOTE 10-0
o Fed raises discount rate to 1.25% from 1.0%
o Fed says labor mkts continued to strengthen, growth moderate
o Fed says job gains have been solid in recent months
o Fed says spending rising moderately, investment stayed soft
o Fed says inflation has increased since earlier this year
o Fed lifts rate paid on excess reserves to 0.75% vs 0.5%
o Fed officials see three 2018 rate hikes, unch vs sept. dots
o Fed median est. for longer-run funds rate 3% vs 2.9% in sept.
o FOMC instructs ny fed to raise rrp rate to 0.5% vs 0.25%
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
market finally decided to go down. I thought it'd never go down...
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