- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

US Federal Reserve Raises Interest Rate to 1-1.25% Range

© REUTERS / Brendan McDermidTraders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 2, 2017
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 2, 2017 - Sputnik International
Subscribe
The US interest rate will increase by 25 basis points to a range of 1 percent to 1.25 percent.

Specialist Anthony Rinaldi works at his post on the floor of the New York Stock Exchange, Tuesday, March 14, 2017 - Sputnik International
US Federal Reserve Keeps Interest Rate at 0.75-1% Range
WASHINGTON (Sputnik) The United States’ benchmark interest rate will increase by 25 basis points to a range of 1 percent to 1.25 percent, now that the nation’s labor market and inflation have reached expected levels, the US Federal Reserve’s policy-setting Federal Open Market Committee (FOMC) said in a statement on Wednesday.

"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 to 1-1/4 percent," the statement said.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала