Fed Raises Interest Rates by 0.75 Percentage Point to Highest Level Since 2008

 

Backlink: THE EPOCH TIMES

The Federal Reserve raised the benchmark federal funds rate by 75 basis points to a target range of 3 percent to 3.25 percent on Sept. 21, matching market expectations. Fed officials indicated that further big increases were likely at two remaining meetings this year.

 

 

 

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