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Comment Text: You may use BB Codes in your message.	[quote=David]<p><span style="font-size:16px;">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%. </span></p> <p><span style="font-size:16px;">Consumer interest rates, especially on credit-card and other variable-rate debt, are expected to rise immediately as a result.</span></p> <p><span style="font-size:16px;">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.</span></p>[/quote]
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David

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.