Federal Reserve Hikes Rates Third Time by 25 Basis Points

This article was originally published on ETFTrends.com.

The common notion by the capital markets that the Federal Reserve will likely raise interest rates today was confirmed as Fed Chairman Jerome Powell capped off a two-day monetary policy meeting with the announcement that the federal funds rate will increase by 25 basis points to 2.25. The markets were already betting on a rate [...]

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