Fed Powell to Congress: Appropriate to raise interest rate later this month

In the semiannual testimony to Congress, Fed Chair Jerome Powell said,”with inflation well above 2 percent and a strong labor market, we expect it will be appropriate to raise the target range for the federal funds rate at our meeting later this month.” He reiterated that “federal funds rate is our primary means of adjusting […]

The post Fed Powell to Congress: Appropriate to raise interest rate later this month appeared first on Action Forex.