Page 25 - ARUBA TODAY

BUSINESS Thursday 1 February 2018
A25

Fed leaves key rate unchanged at Yellen’s final meeting

By MARTIN CRUTSINGER strengthening economy
AP Economics Writer to warrant further gradual
The Federal Reserve has left increases in its benchmark
its benchmark interest rate rate. Those additional rate
unchanged but signaled hikes would likely lead, in Aruba Divi Phoenix
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raising rates gradually to re- some consumer and busi- Pool/Ocean View
flect a healthy job market ness loans. Yellen has led a 31 Weeks remain
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At Janet Yellen’s final meet- increases in her four years as Call:630-1307
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the Fed kept its key short- who will succeed her next
term rate in a still-low range week, has indicated he Divi Links Golf
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cent. It said in a statement “The Yellen era ends with a studio WK 11 room #2302
that it expects inflation to yawn,” said Gus Faucher, 27 weeks remain 10
finally pick up this year and chief economist at PNC. In this Wednesday, Sept. 20, 2017, file photo, Federal Reserve accelerated
to stabilize around the Fed’s “Yellen’s tenure has been Chair Janet Yellen gets up from her seat at the conclusion of a 1br WK 12 room #2303
target level of 2 percent. In largely successful, with the news conference following the Federal Open Market Committee 27 weeks remain 10 accelerated
its previous statement, the unemployment rate falling meeting in Washington. 1br $9000 studio$8000
Fed had predicted that in- to a 17-year low.” Associated Press Call;630-1307
flation would remain below The Fed modestly raised just 4.1 percent, and the that Trump pushed through johnnypaesch@gmail.com
its target rate. its key rate three times in economy expanded at a Congress last month is ex-
The Fed also indicated that 2017, and most economists solid 2.6 percent annual pected to further support Barcelo Resorts
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“Gains in employment, ginning in March. Powell decent 2.3 percent. when most economists fore- Call;630-1307
household spending and has been a Yellen ally and Synchronized growth in see the next rate hike, will johnnypaesch@gmail.com
business fixed investment among the Fed’s consen- major regions across the be the first time that Powell
have been solid,” its state- sus-builders in 5½ years on world has helped energize is scheduled to hold one of divi Links Golf
ment said. The central bank the central bank’s board. the U.S. economy. And the Fed leader’s quarterly studio week # 3 room #4205
said it expects the steadily The unemployment rate is the sweeping tax overhaul news conferences.q 25 weeks remain $8000
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After a stumble, U.S. stocks finish slightly higher 29 weeks remain $8000
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By ALEX VEIGA Dow Jones industrial aver- cent after the aerospace of what analysts expected.
AP Business Writer age added 72.50 points, or giant’s latest results topped The stock was the biggest Tropicana Resort and Casino
U.S. stocks overcame a 0.3 percent, to 26,149.39. Wall Street’s expectations. gainer in the S&P 500, rising 1 br WK 7 room #5559
brief stumble to close The Nasdaq composite The stock, which has been $8.26 to $126.96. 1 br WK 8 room #1537
slightly higher Wednesday, climbed 9 points, or 0.1 per- the biggest gainer in the Some 80 percent of the Price : $8000 each
snapping a two-day losing cent, to 7,411.48. The Rus- Dow over the past year, companies that have re- Call: 630-1307
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