September 27th, 2018

Fed Raises Key Interest Rate For 3rd Consecutive Time

Fed Raises Key Interest Rate For 3rd Consecutive Time

by

The Federal Open Market Committee of the Federal Reserve announced that it raised the target federal funds rate to a range of 2.00 percent to 2.25 percent. This was the third consecutive increase in the Fed’s key interest rate and was the eighth time the Fed raised its key interest rate since 2015.