Federal Reserve hikes key interest rate another quarter-point

CBSN - June 14, 2018

The Federal Reserve raised a key interest rate another quarter-point on Wednesday.

The federal funds target rate, which is now between 1.75 and 2 percent, is the highest it's been in nearly a decade, indicating that the nation's central bank has confidence the economy will continue to expand..

Advertisement

Recent related news

Indian shares opened lower on Thursday after the U.S. Federal Reserve lifted short-term interest rate a quarter percentage point and forecast two additional rate...
1 week ago • RTTNews

European stocks may open lower on Thursday after the U.S. Federal Reserve lifted short-term interest rate a quarter percentage point and forecast two additional...
1 week ago • RTTNews

The Federal Reserve has increased the federal funds rate to a range of 1.75% to 2%, up one-quarter percentage point.  -More- 
1 week ago • SmartBrief

Here is what you need to know. *The Fed gets more hawkish. *The Federal Reserve's Federal Open Market Committee raised its key interest rate 25 basis points...
1 week ago • Business Insider

Last week, the US Federal Reserve (Fed) hiked interest rates, on expected lines, by 25 bps taking Fed rate to 1.75-2%. Further, maintaining the hawkish stance,...
6 days ago • DNA

Recent related videos


Reuters Studio -   ▶  01:34



GOBankingRates -   ▶  01:49



Time -   ▶  01:04



Wochit News -   ▶  00:44


You might like