Fed raises key rate quarter point to 2.0 percent
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US Federal Reserve policymakers, heartened by a burst in new jobs in October, raised key short-term interest rates and hinted at further small increases ahead.
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But a rise in vehicle and prescription drug prices pushed the rate of core producer inflation â excluding food and energy â up 0.2 percent for the month, a slight acceleration from July.
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NEW YORK - In a widely expected move, the Federal Reserve (search) Tuesday raised its target for the federal funds rate by 25 basis points to 1.75 percent, its third rate increase in a row.
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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 Federal Reserve cut a key short-term interest rate by a half-percentage point Wednesday, its second significant cut in just over a week, as the central bank tries to combat the growing risk of a U.S. recession.
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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 Australian dollar rose after the Federal Reserve raised its target interest rate by a quarter percentage point and said inflation has slowed.
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Fed officials have left no doubt that they will raise short-term rates by a quarter point, to 2 percent, but they are still keeping their options open for December and next year.
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WASHINGTON - The Federal Reserve boosted a key short-term interest rate by one-quarter percentage point Tuesday, marking the third increase this year. It's part of a gradual process to wean the economy from extraordinarily low rates that are no longer viewed as necessary to keep the economy afloat...
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The US Federal Reserve raises interest rates to 2.25%, the fifth increase this year.
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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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Short-term interest rates were raised for the fifth time this year on Tuesday. The Federal Reserve has hiked the base rate a quarter-point to 2.25-percent.
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The Federal Reserve boosted a key short-term interest rate by one-quarter percentage point Wednesday, the fourth increase this year.
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The Federal Reserve, encouraged by the economy's performance, boosted a key short-term interest rate by one-quarter percentage point Tuesday, the fifth increase this year.
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The European Central Bank raised its key interest rate a quarter of a percentage point to 3.5 percent on Thursday, but a strong euro suggests the bank could pause its string of rate hikes next year.
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There is a broad consensus among economists that the US central bank will continue its gentle approach to raising interest rates with a moderate 0.25pc rise to 2.25pc when it convenes for its final meeting of the year.
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Core U.S. prices rose 0.2 percent in  April, according to a government report on Friday that did  little to clear up the question of whether the Federal Reserve  would raise interest rates in June.