The Washington Post article The Dow Jones Industrial Average has been trading at a record high for the third consecutive day, and it’s the first time in more than three months that it has gained more than 1,000 points.
That comes after the Federal Reserve last month raised its benchmark interest rate for the first and only time in nearly two decades.
The Dow is up almost 100 points in the past 12 hours, with investors hoping that the Fed will soon raise its benchmark rate to its target range.
But the Federal Open Market Committee said on Friday it’s still “too soon” to predict the timing of when the central bank will begin raising rates.
What’s the consensus among economists about what the Fed should do about the economy?
Some are calling for the Fed to keep rates at zero until the economy is stronger and unemployment is lower.
But others argue that a more aggressive rate hike would have no effect on the economy at all and would have the opposite effect: that the economy would be stronger and jobless would be lower.
Why have the markets rallied?
A number of factors have driven markets higher, including the surprise announcement by the Federal Housing Finance Agency last week that it would not pursue a rule mandating lenders offer mortgages at the low interest rates that the agency’s president once argued were too low.
On Friday, the Dow Jones fell more than 6,000 for the week, its biggest one-day drop since April, according to data compiled by Bloomberg.
The index, which measures how much companies and individuals are paying in interest, also fell more for the fourth straight week, to 1,058.
For most of the past year, stocks have been surging in anticipation of a strong job market, and the Fed’s interest rate hike has raised optimism that the recovery will get underway as planned.
But on Friday, a number of investors and analysts questioned the Fed and the economic outlook.
The Federal Reserve announced Friday that it will raise interest rates for the second time since 2015.
Investors are hoping that its next move will be to raise rates again, but some economists are also worried that the Federal Home Loan Mortgage Corporation, the central lender, could start to tighten its lending standards.
What does the Federal Deposit Insurance Corp. do?
Fannie Mae and Freddie Mac are responsible for keeping the nation’s mortgage markets stable.
They also provide some of the country’s largest banks with capital, and they have a stake in many of the nation, including many of its largest banks.
Federal Reserve Chairwoman Janet Yellen said Friday that Fannie Mae would provide an additional $4.4 trillion of liquidity to banks, and that Freddie Mac would help by providing $1.8 trillion.
She also said the government will step up its efforts to help smaller banks by providing more mortgage insurance, increasing lending to small- and medium-size businesses and helping with foreclosures.
Who else is making noise?
Wall Street is buzzing.
The S&P 500 stock index jumped 4.5 percent on Friday to close at 2,908.
The Nasdaq composite climbed 3.1 percent, to 6,621.
The tech-heavy Nasdaq gained 0.8 percent.
Investors are taking notice of the Fed.
The Trump administration is taking a hard line on the trade deficit and the Federal reserve has been cutting interest rates aggressively, and Congress is looking to get more stimulus in the form of spending cuts.
The stock market has soared, and Trump has said he wants to keep the country strong.
Are the U.S. economy recovering?
The U.K. has seen its economy grow by 2.3 percent in the last year.
The unemployment rate has fallen from 5.3 to 4.2 percent.
And the number of Americans working full-time fell by nearly a million to 6.9 million in October, according a report Friday from the Federal Employment Advisers.
In contrast, in Japan, the economy grew by 2 percent in October.
Should the Fed raise interest-rate policy again?
It’s not clear whether the Fed has to raise interest rate again.
The central bank has been targeting a rate hike sometime in the next few months.
It would also be a rare event that the central banker would hold a policy meeting at the same time.
The Fed met for a meeting in late May and has been talking about raising rates for about a month.
Fed officials also hold regular policy meetings during the week.
So a new meeting in mid-November or early December could be in order.
How are the markets reacting to the Federal Election Commission filing a complaint against President Donald Trump?
Investor sentiment is jittery.
Trump’s approval ratings are down to their lowest levels since before the 2016 election.
Many analysts say that the president is unlikely to get re