Fed increases interest rate, sets table for September assessment

The U.S. Federal Reserve increased the nation’s federal funds rate one-quarter of a percentage point Wednesday afternoon as expected, to a range of 1 to 1.25 percent, marking the second-straight quarter in which the Fed has raised the rate and continuing a tightening policy that dates to December 2015.
The focus now turns to the longer-term ramifications of this second rate hike in a matter of months and whether another increase will come in September.
In the short term, as with the last Fed increase,…

#URLinkedUp Austin Business News – Local Austin News | Austin Business Journal http://www.bizjournals.com/austin/news/2017/06/14/fed-increases-interest-rate-sets-table-for.html?ana=RSS%26s=article_search

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