Fed Officials Say Economy Is Ready for Higher Rates

Fed Officials Say Economy Is Ready for Higher Rates

Due to recent and promising economic growth, Federal Reserve officials say the economy is ready for higher interest rates. The Fed lists the strength of recent economic data, accommodative financial conditions and expected impact of the tax cut as reasons for the promising economic outlook. The rates will gradually help control inflation without interruption economic expansion. The Fed seeks to maintain public confidence in the 2 percent inflation target

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