Blog > Fed Unanimously Raises Rates With Housing Market ‘Losing Momentum’
After their long-awaited meeting, the Federal Open Market Committee (FOMC) unanimously voted to raise federal funds rates by a quarter of a percentage point, moving the target range for interest rates 25 basis points, from 3.5%-3.75%, to 3.75%-4%. During a press conference following the meeting, Fed Chairman Kevin Warsh cited the data from this past…
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