Fed hikes another 25 basis points

Federal Reserve

The Federal Reserve has implemented its second rate hike of 2018, raising the target band for the federal funds rate by another 25 basis points.

At today’s (June 13) meeting of the Federal Open Market Committee (FOMC), policymakers voted unanimously to raise the federal funds rate to 1.75–2%. The effective market rate has tended to sit in the upper part of the range; up until today it was at 1.7%.

Policymakers cited both rising inflationary pressures and “strong job gains” as key reasons for t

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: