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Montevideo, March 24th 2017 - 12:09 UTC

Fed raises interest rate by a quarter of a point: second time in three months

Thursday, March 16th 2017 - 12:06 UTC
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U.S. Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank's target. The decision to lift the target overnight interest rate by 25 basis points to a range of 0.75% to 1.0% marked a convincing step in the Fed's effort to return monetary policy to a more normal footing. Read full article

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