U.S. economy ‘performing well’ as Federal Reserve hikes rates
12/13/17
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from The Washington Post,
12/13/17:
The Federal Reserve said Wednesday that it expects faster growth and lower unemployment next year as the U.S. economy strengthens and Congress is likely to enact sweeping tax cuts for businesses and most families. Given how healthy the economy looks, the central bank lifted its benchmark interest rate a quarter point to a range of 1.25 percent to 1.5 percent, a widely expected move.
“At the moment, the U.S. economy is performing well,” Fed Chair Janet L. Yellen said during her final Fed news conference Wednesday afternoon. “There’s less to lose sleep about now than has been true for quite some time.”
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