Fed wary of economic clouds, but leaves interest rates unchanged for now

(Worthy News) – The Federal Reserve is holding its benchmark interest rate steady, although policymakers indicate a willingness to loosen the monetary reins if U.S. economic growth sags.

While the economy remains strong, “uncertainties about this outlook have increased,” the Fed’s rate-setting body said in a statement released Wednesday afternoon after two days of deliberations. “In light of these uncertainties and muted inflation pressures, the Committee will closely monitor the implications of incoming information for the economic outlook and will act as appropriate to sustain the expansion.”

The current Federal funds rate is set in a range between 2.25% and 2.5%. When the Fed adjusts that rate, it changes the private borrowing costs for everything from mortgages and credit cards to home equity lines of credit. Lowering the rate can help stimulate the economy as well as increase inflation, which remains shy of the Fed’s target of 2% a year. [ Source: CBS News (Read More…) ]

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Identity in Messiah Revealed https://identityinmessiah.com

Identity in Messiah is a 60-day devotional journey designed to help you exchange the world’s labels for Heaven’s declaration. Each devotional combines rich Biblical teaching, Hebraic insights, practical application, and carefully selected Scripture passages to lead you into a deeper understanding of your position in Messiah.

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In The Biblical Fall Feasts Revealed, George Whitten leads readers on a stirring devotional journey along the Hebrew month of Elul, the Feast of Trumpets (Yom Teruah), the Days of Awe (Yamim Nora'im), the Day of Atonement (Yom Kippur), the Feast of Tabernacles (Sukkot), and the Eighth Day (Shemini Atzeret). With Scripture as the foundation, each chapter uncovers the prophetic beauty threaded into God’s calendar and shows how these sacred seasons still speak with urgency and hope today.

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