US Central Bank Expected to Raise Interest Rates Slightly 1 234 567

US Central Bank Expected to Raise Interest Rates Slightly

voanews.com

The U.S. central bank raised the benchmark interest rate slightly on Wednesday, as data show the economy moving toward full employment and inflation is rising modestly.

Leaders of the Federal Reserve have been debating interest rate policy for two days in Washington, and they decided to raise rates one quarter of a percentage point (putting the rate in a range between three-quarters of a percent and one percent).

The Fed slashed interest rates nearly to zero during the recession to...

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