Federal Reserve hikes interest rates

Ouch. This is because the economy is so hot. 

The Federal Reserve is hiking interest rates for the fourth and final time this year.

The Federal Open Market Committee wrapped up its two-day meeting Wednesday, where they decided to raise base interest rates to a range of 2.25-percent to 2.5-percent.

However, the Central Bank signaled a slowdown for the new year, lowering its forecast to just two hikes in 2019 instead of the previously planned three.

The Federal Reserve believes interest rates will hit a neutral level with inflation by the end of next year.

President Trump has criticized the bank for this year’s hikes. He has called for a slowdown, and is blaming the Fed for recent sell-offs on Wall Street.

https://www.oann.com/federal-reserve-hikes-interest-rates/