YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
The Federal Reserve raised its key interest rate yesterday for the third time this year.
With the latest change, the target federal funds rate was boosted to a range of 1.25 to 1.5 percent.
It's the fifth rate increase during Federal Reserve Chair Janet Yellen's tenure. She's scheduled to step down in January, and be succeeded by Jerome Powell.
Read more from Moneywatch.
Springfield event venue Belamour LLC gained new ownership; The Wok on West Bypass opened; and Hawk Barber & Shop closed on a business purchase that expanded its footprint to Ozark.