November 23, 2018/Cowry Asset
United States Federal Reserve retained its interest rate range at 2.00% – 2.25% after its November 2018 meeting while also reaffirming its plans for an additional hike before the end of the year, three increases in 2019 and one in 2020. According to members of the FOMC, the policy rate was retained due to sustained strong economic growth (3.5% growth rate in Q3 2018) and strengthened labour market – the number of employed persons increased to 156.56 million in October from 155.96 million in September while unemployment rate was unchanged at 3.7% in October… Kindly click here for details.
