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

Thursday, September 27, 2018 | Tag Cloud Tags: , , ,

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

(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...) ]

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1 thought on “Fed raises interest rates for third time in 2018, citing job growth”

  1. The economy is hot. In the past when the economy was this hot, the FED had interests much higher than 2 1/4%. The only reason it's already not that high now is because the FED knows it's head is on the chopping block. Yes, THIS is what a President can REALLY do.

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