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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

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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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.