Job Market: Policy Outlook and Interest Rates

job market: The Fed, as expected, raised interest rates on Wednesday, and left its monetary policy outlook for the coming years largely unchanged amid steady economic growth and a strong job market, adding it did not expect any surprises on inflation, according to Nine News Australia. Although the central bank's statement marked the end of the era of accommodative monetary policy, Fed Chairman Jerome Powell downplayed the significance of the change saying the policy was still generally accommodative. To improve your experience update it here News World Futures edge higher as Fed's move digested10 04pm Sep 27, 2018Facebook Tweet MailUS stock index futures have edged higher on the back of high-flying companies such as Apple and Amazon, while investors assessed the Federal Reserve's policy statement. The indices are pointing to higher opening after the Fed clearly indicated that more rates hikes are on their way, Peter Cardillo, chief market economist at Spartan Capital Securities in New York, wrote in a note. Shares of Apple rose 1.1 per cent in pre-market trading after JP Morgan started coverage with an overweight rating, citing the iPhone maker's quicker-than-expected move to a services business. The action taken by the Fed was no surprise, as the era of an accommodative policy moves rates to normality. (news.financializer.com). As reported in the news.