US Central Bank Hikes Key Interest Rate Amid Weaker Than Expected Data

Posted on Posted in Бізнес, Новини, Фінанси

The U.S. central bank raised its benchmark interest rate Wednesday amid concerns about sluggish growth, a slowdown in consumer spending and low inflation. But the head of the U.S. Federal Reserve says the one-quarter of 1 percent increase in the federal funds rate demonstrates the committee’s confidence in the overall health of the U.S. economy. Mil Arcega has more.

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