Fed hikes rates by a quarter-point

  • The Federal Open Market Committee, which makes monetary policy for the Federal Reserve, finished its two-day meeting Wednesday.
  • Markets expected the central bank to approve a quarter-point interest rate increase.

The Federal Open Market Committee, which makes monetary policy for the Federal Reserve, finished its two-day meeting Wednesday. Markets expected the central bank to approve a quarter-point interest rate increase. Currently, the Fed’s benchmark interest rate is in a range of 2 percent to 2.25 percent.

cnbc.com/id/105636773

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