YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Fed raises benchmark interest rate

Posted online

The Federal Reserve on Wednesday raised its benchmark interest rate by 25 basis points.

The federal funds target rate is now around 5.25%. That's the highest level since July 2007.

Fed officials did not say whether more hikes are on the way.

Read more from Quartz.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Business Spotlight: Just the Type

After discovering a niche for vintage typewriters, Laura Prather quickly grew a home-based typewriter sale and service business.

Most Read
Update cookies preferences