Fed raises interest rates

Federal Reserve

The Federal Reserve voted to raise the target for its benchmark interest rate by 25 basis points today (September 26), citing the solid economic expansion and low unemployment.

The widely anticipated decision lifted the target range for the federal funds rate to 2–2.25%, its highest setting since 2008. The action follows the decision to keep the rates unchanged in the last monetary policy meeting on August 1. It was the third such hike in 2018.

At its meeting, the Federal Open Markets

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 individual account here: