Five key takeaways from US Federal Reserve's policy meeting

The Federal Reserve Chair Janet Yellen, in a widely expected move, increased the interest rates in US by 25 basis points to a range of 0.75% to 1% on Wednesday, but appeared less hawkish than expected. The move to lift the target overnight interest rate was taken on the back of steady economic growth, strong job gains and confidence that inflation is rising to the Fed’s target. The latest Fed hike marks the first increase in 2017 and third one in the last two years. The central bank lifted rates once in December 2016 and December 2015 each. The Fed also stuck to its outlook for two additional rate increases this year and three more in 2018, which is in line with its outlook from December. Below are key takeaways from the Federal Open Market Committee’s statement and the following press conference chaired by Yellen:  Financial Astrology Tips

On future rate trajectory

The FOMC stated to take a gradual course on future rate hikes depending on the economic outlook as showcased by incoming data. It expects the federal funds rate to remain below levels that are expected to prevail in the longer run. “For some time the Committee has judged that, if economic conditions evolved as anticipated, gradual increases in the federal funds rate would likely be appropriate to achieve and maintain our objectives,” the FOMC said in a statement.“Today’s decision is in line with that view and does not represent a reassessment of the economic outlook or of the appropriate course for monetary policy,” it added.   Astrology and Numerology Trading Tips