First time since 1994 we had a rate hike this big.
They also slowed growth projections for this year to a GDP of 1.7% which I think will be generous.
He also said 3 .50 point hikes this year and a .25% which means we are looking at at least another full % point.
He is still WAY behind the inflation curve.
FED also removed the language "strong business and consumers"
Big problem for companies on revolving debt and citizens that carry debt especially at variable rates.
They also slowed growth projections for this year to a GDP of 1.7% which I think will be generous.
He also said 3 .50 point hikes this year and a .25% which means we are looking at at least another full % point.
He is still WAY behind the inflation curve.
FED also removed the language "strong business and consumers"
Big problem for companies on revolving debt and citizens that carry debt especially at variable rates.