Wednesday, June 14, 2017

Fed Raises Interest Rates by a Quarter Point

The Federal Reserve raised its rates today for the second time in 2017, despite inflation that is lower than the normal target rate. The new range for the Fed's benchmark is 1-1.25%, up from 0.91%. Inflation is currently expected to be 1.6% for the year, below the normal target of 2%. Read more.

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