The Federal Reserve raised interest rates on Wednesday to between 2 and 2.5 percent, a move that is expected to push up the cost of borrowing for commercial and residential loans. The 0.25 percent hike is the third so far this year, following raises in March and June. The Fed opted not to increase rates in August, which gave watchers another reason to expect one this month. The Fed noted that inflation has remained near […]
source https://therealdeal.com/2018/09/26/the-fed-raises-interest-rates-by-a-quarter-percentage-point/
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