Fed Raises Interest Rate a 5th Time, to 2.25 Percent
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The Federal Reserve raised US interest rates Tuesday by a quarter-percentage point for the fifth time this year and said it will keep gradually lifting them from rock-bottom levels to forestall inflation.
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US Federal Reserve decided Tuesday to raise the federal funds rate, which commercial banks charge each other on overnight loans, by one-quarter percentage point to 2.25 percent from 2 percent.
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The Federal Reserve yesterday boosted its key interest rate for the sixth time since June, which will lead to higher charges on credit cards, home equity lines of credit, and other short-term loans, but not necessarily higher interest payments for savings and money market accounts.
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The US central bank raised a key interest rate one-quarter of a percent (to 2.25) Tuesday in a bid to fend off future inflation. It is the fifth time since June that Federal Reserve officials have
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Federal Reserve policy makers raised the benchmark US interest rate a quarter point to 2.25 percent and restated a plan to carry out further increases at a ``measured&#39;&#39; pace.
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The Federal Reserve raised U.S.  interest rates on Tuesday by a quarter-percentage point for the  fifth time this year and said it will keep gradually lifting  them from rock-bottom levels as the economy grows.
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The Bank of England held its key interest rate at 5.25 percent for the second month in a row on Thursday, the central bank announced.
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The US Federal Reserve is widely expected to keep interest rates at their current level of 5.25% on Thursday.
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NEW YORK, September 21  - The US Federal Reserve raised the interest rates by a quarter percentage point today, in-line with the broad expectations.
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The U.S. Federal Reserve on Tuesday  raised interest rates for the third time this year by a quarter  of a percentage point and said the economy was regaining some  momentum, signaling at least one more to come.
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The Federal Reserve raised official interest rates last month for the third time this year despite a mixed economic outlook. The rate increase took the benchmark federal funds rate to 1.75 percent from 1.50 percent.
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The Reserve Bank has raised the Official Cash Rate by a further 25 basis points, to 6.5 percent. It&#39;s the sixth rate rise this year, and matches market anticipations.
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The Federal Reserve yesterday raised its key interest rate for the fifth time since June, signaling that it expects the economy to grow moderately and interest rates to rise gradually in the new year.
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The US Federal Reserve raised interest rates on Tuesday by a quarter percentage point as expected, the third straight rise in a bid to keep a lid on inflation pressures despite some signs of economic softness.
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US interest rates are kept on hold at 5.25% for the fifth time running, amid signs of "firmer" economic growth.
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THE US Federal Reserve has raised interest rates for the third time this year in spite of a renewed surge in oil prices. The widely expected move took the funds rate up a quarter-point to 1.75 per cent, following similar moves in August and June.
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Description: The Federal Reserve is raising interest rates for the fifth time since June. The quarter-point increase will put the federal funds rate at 2 1/4 percent.