Fed raises interest rates for third time in 2018, citing job growth


(Worthy News) – The Federal Reserve raised federal interest rates another quarter-percent Wednesday, to 2 1/4 percent.

It was the third interest rate increase this year by the Federal Open Market Committee.

“Economic activity has been rising at a strong rate. Job gains have been strong, on average, in recent months, and the unemployment rate has stayed low,” the FOMC said in a statement. “Both overall inflation and inflation for items other than food and energy remain near 2 percent.” [ Source: UPI (Read More…) ]

17
people are currently praying.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Latest Worthy News

Unemployment Dips to 4.2 Percent as Hiring Slows Sharply in June
GOP Hardliners Vow To Blockade Must-pass Bills Unless Voter ID Demands Met
Iran Threatens U.S., Israel Ahead of Khamenei State Funeral; Warns Tankers in Hormuz
Russian Attack Destroys Red Cross Aid Hub In Deadliest Kyiv Strike This Year
Dutch Government Faces Pressure As More Municipalities Resist Asylum Centers
French Government Under Pressure As Wildfires Force Mass Evacuations
Israel’s Armenian Genocide Recognition Sparks Turkish Anger Ahead Of NATO Summit
Israel Marks 1,000 Days Since October 7 Massacre With Protests, Memorials, and Demands for Accountability
Trump Administration Moves To Shield Farmers And Ranchers From ‘Weaponized’ Lawfare
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.

Worthy Christian News