When does the federal funds rate rise?
On Wednesday, the Federal Reserve Bank of New York (FRBNY) released a report which indicated the Federal Funds rate would likely rise to 2.75% on September 16, 2018, according to data released by the Federal Open Market Committee (FOMC) at its October meeting.
The rate would be the first time that the FOMC has increased the federal government’s overnight lending rate since December 2012.
The report indicated that, based on current projections, the Fomc would increase the overnight rate by $0.70 to $0,200 by the end of September.
The overnight rate would increase to $1.00 by the middle of October.
In addition to this change in the federal money rate, the central bank also said that it was preparing for a possible rate hike.
While the report did not give a specific timeline for the Fed’s plans to hike the overnight interest rate, it noted that it expects the rate hike to be in the range of 2% to 2%.
The central bank is expected to raise the overnight lending rates to a level similar to that of the Fitch rating agency’s AAA credit rating, which is considered stable.
However, with a rate hike of this magnitude, there will be significant downside risks to the outlook for the economy and the outlook of investors, which will lead to higher interest rates and the risk of a further increase in unemployment.
The central bank noted that the economic outlook was more difficult for the U.S. than for most other developed economies, including China, Europe, Japan and the U