That is the read from traders on Friday after a government report showed employers added 266,000 jobs last month
The remarks were part of a new attack the White House has launched against the independent central bank
US Fed has been raising rates since December 2015, including four times last year, to a current range of 2.25% to 2.5%
Gloomy corporate results and forecasts also weighed on US stocks
The Fed has also been at the receiving end of criticism from President Donald Trump
Together, the five rate increases were the most in any week since records started in 2001
Trump added that he was concerned that the Fed's rate hikes may put the United States at a "disadvantage"
The rate hike is a slight negative for markets, but not as negative if the uncertainty (trade war) had continued, says UR Bhat
The Fed action and tone of statements will continue to be read closely by the RBI in the coming months
The yen was little changed after the BOJ cut some bond purchases in its regular operations
Policymakers projected a slightly faster pace of rate increases in the coming months
India's export earnings are expected to remain stable or at the most take a small hit in the wake of the United States Federal Reserve raising interest rates.Experts and exporters alike say this will happen as global demand continues to remain high, thereby cementing the rise of exports. However, at the same time, India continues to attract global investments thereby strengthening the Indian Rupee, which may lead to exports becoming more expensive and thereby less competitive in the global market.Hopes on high demandThe US Federal Reserve on Wednesday raised interest rates by 0.25 per cent, the sixth time since December 2015. Even as fourth quarter GDP growth in the US was revised downwards to 2.5 per cent, US policymakers now believe that economic growth will remain steady in 2018. As a result, the Fed has raised its forecast for 2018 GDP growth from the earlier 2.5 percent to 2.7 percent and increased the 2019 expectation from 2.1 percent to 2.4 percent.The World Trade ...
Evans said he could still support 'three or even four' rate increases in 2018 if inflation and other data suggested that would be needed
Fed officials expect improvement in the job market to slow
Federal Reserve left its rate outlook for 2018 unchanged even as policymakers projected a short-term acceleration in US economic growth
Investors will pay close attention to how the central bank aims to balance a stimulus-fueled economic boost with the ongoing weak inflation
Most officials regard tightening labour market conditions to eventually drive up prices
The US central bank has raised rates twice this year and currently forecasts another hike in its benchmark lending rate from its current target range of 1.00% to 1.25% by the end of 2017
The fact that the Fed stood its ground seemed to indicate that the Fed was in a 'hawkish' mode
The Federal Reserve's estimates for unemployment rate by end of this year moved down to 4.3%