Tag: federal_funds_rate
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Federal Reserve Raises Interest Rates to 3.75-4 Percent
The Federal Open Market Committee voted 12-0 to raise the federal funds rate by a quarter point to 3-3/4 to 4 percent, citing elevated inflation and solid economic growth.
BusinessPolitics and GovernmentUSAEconomyBankingFederal GovernmentFinancial MarketsEmployment and Labor Federal ReserveFederal Open Market Committeefederal funds rateinterest ratesinflationmonetary policyFOMC statement