The Board of Governors of the Federal Reserve System (the Fed) voted unanimously to leave its benchmark interest rate, or the federal funds rate, on hold at 1.5-1.75 percent, following its monetary-policy meeting on May 2, 2018.
Federal Reserve System
Volatility has made its return to the United States’ stock market, albeit not the way bullish investors would like. A recent decline in the US equities market erased the gains of many weeks in a matter of days in both the Dow Jones Industrial Average and the S&P 500 indices.
The US economy continued to expand in September of this year, with some of the key economic data in October pointing to robust economic activity that could well extend into the last three months of 2017.
In a recent interview with the Wall Street Journal, US President Donald Trump’s remarks about the Federal Reserve System’s Board of Governors Chair Janet Yellen threw some for a loop.