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Federal Reserve Raises Interest Rates 0.25%
As expected, the Federal Reserve has raised its benchmark interest rate by 0.25 points to a range of 0.75%-1.0%.
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As expected, the Federal Reserve has raised its benchmark interest rate by 0.25 points to a range of 0.75%-1.0%.
The central bank says a healthy jobs market, continued “moderate” economic growth and inflation near 2% justify the adjustment. The Fed last increased the rate by 0.25 points in December.
Fed Chair Janet Yellen predicts "somewhat further" improvement in jobs growth, a core inflation rate of 1.8% this year and 2% in 2018-2019 and an unemployment rate steady at 4.5% through the next two years.
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