The Federal Reserve raised interest rates Wednesday. It moved the target range for its benchmark funds rate from 2.25 percent to 2.5 percent. The Fed also lowered its projection for next year to two hikes. This rate hike is the fourth this year.
The Federal Reserve raised interest rates Wednesday. It moved the target range for its benchmark funds rate from 2.25 percent to 2.5 percent. The Fed also lowered its projection for next year to two hikes. This rate hike is the fourth this year.