ACRO Global Tourism Marketer Articles: Federal Reserve 20 September 2017: target range for federal funds rate to remain at 1 to 1-1/4 percent

Federal Reserve 20 September 2017: target range for federal funds rate to remain at 1 to 1-1/4 percent
By

David
21 September 2017 (Edited )

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Federal Reserve

David H. Boggs

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Related Articles	Federal Reserve raises interest rates 0.25% citing steady economic growth

External Article: https://www.federalreserve.gov/newsevents/pressreleases/monetary20170920a.htm

Comments on Federal Reserve 20 September 2017: target range for federal funds rate to remain at 1 to 1-1/4 percent

•David
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•David

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Posted 22 September 2017:

20 September media release from the Fed cites various reasons for this decision:

Labor market continues to strengthen.
Economic activity is up.
Household spending and business investment are growing.
Inflation is low and declining.
Hurricane-related hardship

But the Fed is now going to start unloading the $4.5 trillion it invested in Treasury and mortgage-backed securities as an economic stimulus beginning in 2008.

American economy looks to be in good shape, and that's good for tourism here and abroad.

Tourism destinations and businesses worldwide MUST take advantage of this in 2017-2018.

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