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| Sponsored by Quicken Loans |
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| Fed: Rates Increased for Second Time This Year |
| By Liz Dominguez |
As predicted by all officials, the Fed raised rates for the second time in 2018—from 1.75 percent to 2 percent. The remainder of 2018 and 2019 may see more gradual hikes, with analysts predicting two more increases by year's end in order to curb future inflation concerns following reports of a strong labor market and economic conditions. "In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 1-3/4 to 2 percent. The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation," according to a Fed statement. "Consistent with its statutory mandate, the Committee ...
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The start of June has brought warm weather to most of the country, with long beach days on the horizon. To celebrate, we're running down
