Fed raises interest rates another 0.25% in third hike this year

The raise is due to strong jobs growth and increased household spending and could likely precede a 4th hike
by Staff Writer
Sep 26

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

Register Now

The Federal Reserve increased its short-term interest rate from 2 percent to 2.25 percent Wednesday, the third rate hike to take place this year. 

Article image credited to Article image credited to Tanarch / Shutterstock