News Alert

Wednesday, December 19

Fed raises short-term interest rates by a quarter point, which is likely to hike rates on credit cards and home equity lines of credit

With a downgrade to its economic outlook, the Federal Reserve raised its key short-term interest rate by a quarter point to a range of 2.25 percent to 2.5 percent but cut its forecast to two hikes in 2019 amid uncertain growth prospects.

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