Federal Reserve raises interest rates for third time in 2017

Thursday, December 14, 2017 | Tag Cloud Tags: , , ,

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The Eccles Building in Washington, D.C., which serves as the Federal Reserve System's headquarters.

(Worthy News) - With the labor market strengthening and economic activity rising at a solid rate, the Federal Reserve on Wednesday announced the third rate-hike of the year.

The announcement explains that jobs gains are solid, unemployment rates have further declined, household spending is expanding and business investment is up.

The expected move raises rates by a quarter point to a range of 1.25 percent to 1.5 percent. [ Source: UPI (Read More...) ]

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1 thought on “Federal Reserve raises interest rates for third time in 2017

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