🇦🇺

Federal Reserve hikes key interest rate another quarter-point

Credit: CBSN
Published on June 14, 2018 - Duration: 01:15s

Federal Reserve hikes key interest rate another quarter-point

The Federal Reserve raised a key interest rate another quarter-point on Wednesday.

The federal funds target rate, which is now between 1.75 and 2 percent, is the highest it's been in nearly a decade, indicating that the nation's central bank has confidence the economy will continue to expand.

Advertisement

You are here

Recent related videos from verified sources

Investors Bet The Fed Will Drop Rates 00:38
Credit: Wochit Business - Published 6 days ago 

U.S. Import Prices Rise 00:47
Credit: Wochit - Published 1 week ago 

Despite Murky Trade Outlook, U.S. Consumers Remain Confident 00:45
Credit: Wochit Business - Published 1 week ago 

Economy Could Falter if Fed Turns Hawkish on Trade War Inflation, Analyst Says 02:15
Credit: Cheddar Inc. - Published 2 weeks ago 

Wall Street Pushes Back At WH Campaign To Get Fed To Cut Interest Rates 00:40
Credit: Wochit - Published 2 weeks ago 

The White House Wants The Fed To Cut Interest Rates 00:38
Credit: Wochit Business - Published 2 weeks ago 

U.S. Job Growth Up, Unemployment Rate Down 00:43
Credit: Wochit Business - Published 3 weeks ago 

Wall Street slips as energy shares weigh 01:06
Credit: Reuters Studio - Published 3 weeks ago 

You might like