NEW YORK | The Latest: Fed hikes key rate 4th time in 2018
NEW YORK | The Latest: Fed hikes key rate 4th time in 2018
NEW YORK— The Latest on the Federal Reserve’s monetary policy meeting (all times local):
2:00 p.m.
The Federal Reserve hiked a key short-term interest rate for the fourth time this year, a choice meant to temper inflation after months of steady and solid job growth.
Fed officials voted unanimously to increase the federal funds rate — which banks charge each other for loans — to a range of 2.25…
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