US Fed raises interest rates for second time this year
Thursday - June 14, 2018 12:08 am ,
Category : BUSINESS
US Fed raises interest rates for second time this year
Washington June 14 (IANS) The US Federal Reserve has raised short-term interest rates by a quarter of a percentage point its second rate hike this year.
"In view of realised and expected labour market conditions and inflation the (Federal Open Market) Committee decided to raise the target range for the federal funds rate to 1-3/4 to 2 per cent " Xinhua reported the central bank as saying in a statement on Wednesday after concluding a two-day meeting.
--IANS tsb
"In view of realised and expected labour market conditions and inflation the (Federal Open Market) Committee decided to raise the target range for the federal funds rate to 1-3/4 to 2 per cent " Xinhua reported the central bank as saying in a statement on Wednesday after concluding a two-day meeting.
--IANS tsb
