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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