Federal Reserve raises interest rates for third time in 2017
Thursday, December 14, 2017 | Tag Cloud Tags: Federal Reserve, News, PLO, Worthy News | Learn about out FREE SYNDICATION
(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…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.