Home Combined Fed raises interest rates by ¾ percent

Fed raises interest rates by ¾ percent

As was widely expected, the Federal Reserve today raised interest rates by three-quarters of a percent, the largest hike it has put into effect since 1991. In an announcement, the Federal Reserve said that it is now targeting its short-term interest rates at 1½  to 1¾ percent. “Overall economic activity appears to have picked up…

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