The Federal Reserve Announces a 0.25% Interest Rate Increase
On September 16, the Federal Open Market Committee of the Federal Reserve officially made an important decision, announcing that it would raise interest rates by 0.25%. During the voting that day, all 12 members of the committee cast their votes in favor of the move. Notably, this is the first interest-rate hike by the Federal Reserve in the past three years.
On September 16, the Federal Open Market Committee of the Federal Reserve officially made an important decision, announcing that it would raise interest rates by 0.25%. During the voting that day, all 12 members of the committee cast their votes in favor of the move. Notably, this is the first interest-rate hike by the Federal Reserve in the past three years.