Set to hike rates, Fed wrestles with low inflation

0 Flares Filament.io 0 Flares ×

Set to hike rates, Fed wrestles with low inflation NEW YORK – June 13, 2017 – The Federal Reserve is caught between the unusual tandem of low unemployment and sluggish inflation, a dilemma that poses challenges as policymakers weigh interest rate decisions beginning this week.The Fed almost certainly will raise its key short-term rate by a quarter percentage point to a range of 1% to 1.25% at a two-day meeting that concludes Wednesday, marking its third such hike since December. The move will likely trigger a similar increase in rates for credit cards, adjustable-rate mortgages and home equity loans, Bankrate said.

Source: Set to hike rates, Fed wrestles with low inflation