US Federal Reserve raises short-term interest rates again

US Federal Reserve raises short-term interest rates again
 

The US Federal Reserve raised short-term interest rates again on Wednesday, the eighth such move since 2015 as the central bank moves to unwind years of historically low rates.
After a two day meeting the Fed announced a quarter percentage point rise in its benchmark rate to a range of 2% to 2.25%. The rate is used to set credit card, mortgage and loan rates and will trigger rises across the board for consumers.
The increase is the third rate rise this year and comes as US unemployment has hit new lows. In August the US added 201,000 new jobs – a record-breaking 95th consecutive month of... read more

 
26 September 2018 in Business, Views: 75
Source: Guardian
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