U.S. Federal Reserve Raises Rates Again
Economic News / RSM News

U.S. Federal Reserve Raises Rates Again

For the third time in six months, the U.S. Federal Reserve has raised its benchmark interest rate – this time, by a quarter-point. The announcement, widely predicted by economists, is the latest vote of confidence in the U.S. economy. It’s also an indication that Federal Reserve Chairperson, Janet Yellen, is seeking to normalize rates from the rock bottom lows they’ve sat around since the financial crisis in 2008. Continue reading »