The Fed’s increase sets a target range for the federal funds rate of 2.25 percent to 2.5 percent. The increase of 25 basis points came as the “labor market has continued to strengthen and that economic activity has been rising at a strong rate,” according to a statement from the Fed.
Read more here:: http://feedproxy.google.com/~r/inmannews/~3/AHpLld5Y1fY/
