Economic Collapse

[basserdan]

2:00p FOMC raises fed funds interest rate to 1.5%-1.75%

2:00p Fed still signals 3 interest rate increases in 2018

2:00p Fed now expects 3 rate hikes in 2019 instead of 2

2:00p Fed leaves PCE forecast at 1.9% in 2018, 2% in 2019

2:01p Dollar Index extends losses as Federal Reserve raises interest rates

2:01p ICE U.S. Dollar Index down 0.5% at 89.952

2:01p Treasury yields tick higher after Fed policy statement

2:01p 10-year note yield at 2.911%; 30-year yield at 3.133%; 2-year yield at 2.345%

2:04p Gold futures slip in electronic trade after Fed policy statement

2:04p April gold at $1,320.20/oz in electronic trade, down from $1,321.50 Comex settlement