ACRO Global Tourism Marketer Articles: US Federal Reserve raises key interest rate from 1.50% to 1.75% as economic growth continues

US Federal Reserve raises key interest rate from 1.50% to 1.75% as economic growth continues
By

David
22 March 2018 (Edited )

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Washington Post

David H. Boggs

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ACRO Global
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TourismMarketer

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External Article: https://www.federalreserve.gov/newsevents/pressreleases/monetary20180321a.htm

Comments on US Federal Reserve raises key interest rate from 1.50% to 1.75% as economic growth continues

•David
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•David

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Posted 22 March 2018:

The Federal Open Market Committee - led for the first time by Chairman Jerome Powell - announced in a statement yesterday that in view of expectations for continuing moderate economic expansion and strong labor-market conditions, the target range for the federal funds rate is being increased from 1.50% to 1.75%.

Consumer interest rates, especially on credit-card and other variable-rate debt, are expected to rise immediately as a result.

So sellers of stuff bought on credit cards - like travel - need to be watching the consumer-confidence score and taking it into account in planning.

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