{"id":635837,"date":"2017-12-14T03:41:51","date_gmt":"2017-12-14T03:41:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/us-hikes-interest-rates-by-a-quarter-point\/"},"modified":"2017-12-14T03:41:51","modified_gmt":"2017-12-14T03:41:51","slug":"us-hikes-interest-rates-by-a-quarter-point","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/us-hikes-interest-rates-by-a-quarter-point\/","title":{"rendered":"US hikes interest rates by a quarter point"},"content":{"rendered":"

The US Federal Reserve <\/strong>decided yesterday<\/strong><\/a> to hike short-term interest rates for the third time in 2017<\/strong>, raising them by a quarter point as expected. The Fed has said to watch out for \u201cmore increases to follow in 2018<\/strong> as Janet Yellen prepares to hand over the chair amid robust hiring and surging financial markets,\u201d notes The Financial Times (paywall)<\/a>. \u201cThe Committee continues to expect that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace and labour market conditions will remain strong,\u201d it said in a statement. \u201cIn determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its objectives of maximum employment and 2% inflation.\u201d Bloomberg is tipped three rate hikes in the new year<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The US Federal Reserve decided yesterday to hike short-term interest rates for the third time in 2017, raising them by a quarter point as expected. The Fed has said to watch out for \u201cmore increases to follow in 2018 as Janet Yellen prepares to hand over the chair amid robust hiring and surging financial markets,\u201d […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-635837","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3faabbd3-195f-4343-9fd9-87471e29d793","order":"0","is_powered_by":true,"section_story_id":"2d78bd99-9d2b-4775-b340-1399d661be8d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[635822],"teaser":"","voice_url":""},"yoast_head":"\nUS hikes interest rates by a quarter point - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/us-hikes-interest-rates-by-a-quarter-point\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US hikes interest rates by a quarter point\" \/>\n<meta property=\"og:description\" content=\"The US Federal Reserve decided yesterday to hike short-term interest rates for the third time in 2017, raising them by a quarter point as expected. 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The Fed raised its benchmark overnight lending rate a quarter of a point to a range of 2.00-2.25%, Reuters reports. It was the third time this year that the US has raised rates and came as\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632682,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/cbe-signals-victory-over-inflation-cutting-interest-rates-by-100-bps\/","url_meta":{"origin":635837,"position":2},"title":"CBE signals victory over inflation, cutting interest rates by 100 bps","author":"enterpriseam admin","date":"18 February 2018","format":false,"excerpt":"CBE signals victory over inflation, cuts interest rates by 100 bps: The central bank\u2019s Monetary Policy Committee cut interest rates by 100 bps at its meeting on Thursday, the first rate cut since the EGP float in late 2016. 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Revenues advanced 45% compared to the same period last year to close the quarter at EGP 4.2 bn.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":629755,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/01\/mpc-cuts-interest-rates-100-bps\/","url_meta":{"origin":635837,"position":4},"title":"MPC cuts interest rates 100 bps","author":"enterpriseam admin","date":"1 April 2018","format":false,"excerpt":"The central bank\u2019s Monetary Policy Committee cut interest rates 100 bps on Thursday, the CBE said in a statement (pdf). The central bank\u2019s overnight deposit rate is now 16.75%, its overnight lending rate and discount rate also dropped 100 bps to 17.25%. 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