Fed holds interest rates at Yellen's last meeting as chair, sees inflation picking up

Fed holds interest rates at Yellen's last meeting as chair, sees inflation picking up
  • The Federal Reserve left its benchmark interest rate unchanged, as expected, at Janet Yellen's final meeting as chair. 
  • Inflation should stabilize around its 2% target this year, the Fed said, in an update to its previous language on one of its mandates. 
  • Traders expect the next rate hike in March, during the first meeting with Jerome Powell as Fed Chairman.
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BEWARE. Fed Rate Hike Could Burst Bubbles

BEWARE. Fed Rate Hike Could Burst Bubbles

The Federal Reserve followed through on its latest promise to raise interest rates. Fed Chief Janet Yellen announced a quarter point hike in the federal funds rate in March. But the increase has little to do with the ripple effect on mortgages and consumer loans, and more to do with a message from the Fed about the economy.

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