The Federal Reserve increased its short-term interest rate from 1.75 percent to 2 percent Wednesday, the second rate hike to take place this year. In a press release, the central bank said the rise is due to a robust labor market and solid economic activity.
Source: Inman News
The Fed raised interest rates 0.25%, the second hike this year
Published in interest rates, Markets & Economy, News Brief, rate hikes and the federal reserve
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