The Federal Reserve says it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years.
Federal Reserve Chairman Jerome Powell says the economy is in a "good place" at the moment with low unemployment and inflation rising toward the Fed's optimal range.
Federal Reserve officials last month discussed the impact of further hikes in interest rates, saying that by next year they could be at levels that might begin to slow economic growth.
The central bank released minutes from its June policy meeting.
Fed minutes: Officials discuss further hikes in interest rates, saying rates next year could start to slow growth
Fed minutes: Officials discuss further hikes in interest rates, saying rates next year could start to slow growth.
The first half of the year was full of surprises on Wall Street.
Out of 35 banks, 34 received the Fed's approval for dividend and share buyback plans.
The 35 largest U.S. banks were found to have enough capital to survive a global recession.
The Federal Reserve can restore confidence in banks and boost the economy if it issued its own digital currency.
Dividends and buybacks could come next week when results are complete.
Trade concerns could continue to impact the market.
Williams, who served as president of the San Francisco Fed since 2011, assumed his new role on Monday.
Plenty of jobs and steady incomes have consumers feeling good.
Despite a tightening labor market and low unemployment, employees have not seen a meaningful increase in wages.
Freddie Mac said the 30-year fixed mortgage rate climbed eight basis points over the past week.
The Fed has increased short-term rates two times in 2018.
Pot sellers need banks for an industry that is growing rapidly.
The Federal Reserve raised its benchmark interest rate on Wednesday at the conclusion of a two-day policy meeting.
The central bank now expects two more rate hikes this year.
The Federal Reserve raised the benchmark interest rate on Wednesday, which could add to existing obstacles for potential buyers in the housing market.