Fed Raises Rate Again!
Today the Federal Reserve Board announced its first interest rate hike for 2017! today’s interest rate increase is the second one by the Fed in three months!
This interest rate increase was a quarter of 1% and comes after the Federal Reserve Board increased the interest rates in December by a half of 1%.
When the economy is doing good and expanding its typical that the federal reserve will try to check inflation by increasing interest rates. Read more