Fed raises interest rates for third time in 2018, citing job growth
Thursday, September 27, 2018 | Tag Cloud Tags: Federal Reserve, News, PLO, Worthy News | Learn about out FREE SYNDICATION
(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…) ]
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.