Rate Hike

RATE HIKE





Interest Rates Rising 12/14/2016


 Federal Reserve announced today that it would raise its benchmark interest rate by a quarter of a percentage point.

�In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 1/2 to 3/4 percent,� the Fed�s policy-making committee said in a statement. �The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a return to 2 percent inflation. Merry Christmas�

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