https://www.wsj.com/articles/fed-ra...y-milder-path-of-future-increases-11545246216The Federal Reserve nudged up short-term interest rates for the fourth time this year, defying pressure from President Trump, but suggested it could slow the pace of increases next year in the face of new headwinds.
Fed officials voted unanimously Wednesday on the increase, which will bring the benchmark federal-funds rate to a range between 2.25% and 2.5%, the ninth such rise since December 2015. They also indicated they think they won’t need to raise rates as much next year as they had anticipated three months ago.
I really wonder if the Fed would have passed on raising rates this go around if the POTUS wasn't trying to bully them. There are so many indications that raising rates as they are doing is going to kill economic activity (bring on a recession).