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Investment Talks: New Fed Chair - Positive for Banks and GDP

Perspectives» |

November 2, 2017

New Fed Chair: Positive for Banks and GDP

As expected, the Federal Open Market Committee (FOMC) stood firm on its forecast for rate hikes in its November statement. Over the next year, they foresee one hike in December and another three in 2018. While the overall statement contained no significant surprises, at the margin, the Fed adjusted its view of both growth and inflation. 

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