Federal Reserve Officials Raise Interest Rates Once Again
This marks the highest rate in 17 years and the 10th consecutive raise since march of last year.
As most expected, the Federal Reserve decided on Wednesday, to once again raise interest rates. The quarter-point hike, raises the rate to a range of 5% to 5.25%. This marks the highest rate in 17 years and the 10th consecutive raise since march of last year. This hike is expected to further slow economic activity as it drives up rates…