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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The Bank of Canada boosted its overnight rate by a quarter-point to 2.5 percent, and suggested more hikes are coming in the near future.
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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 to forestall inflation.
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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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NEW YORK - In a widely expected move, the Federal Reserve (search) Wednesday raised its target for the federal funds rate by a quarter percentage point to 2 percent, citing brightening job markets that likely mean more increases lie ahead.
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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 U.S. Federal Reserve on Tuesday held benchmark interest rates steady at 5.25 percent for a fourth straight meeting, while renewing a warning that risks from inflation remain.
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The Federal Reserve on Wednesday  nudged U.S. interest rates up a quarter percentage point for  the fourth time this year, citing healthier job markets and  indicating it will press on with a rate-rise campaign.
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The Federal Reserve lifted short-term interest rates a quarter-point on Tuesday, continuing its bet that the economy can keep growing steadily through the Fed&#39;s rate-hike campaign.
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The Federal Reserve is expected to  lift interest rates again this week to 5.25 percent in its  seventeenth straight quarter percentage point hike and signal  that further increases may be needed to keep inflation at bay.
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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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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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: Federal Reserve officials are set to jack up interest rates on Tuesday for a fifth time this year, confident the US expansion is self-supporting and no longer in need of rock-bottom borrowing costs for a boost.
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The U.S. Federal Reserve on Wednesday raised interest rates for a sixth straight time, extending a policy of gradually lifting borrowing costs to levels high enough to ward off inflation pressures.
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The Federal Reserve pushed U.S.  interest rates up by a modest quarter-percentage point on  Tuesday and expressed confidence that inflation could be kept  at bay by slowly lifting credit costs from rock-bottom levels.
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Federal Reserve officials are  expected to nudge interest rates up on Tuesday for a fifth time  this year, another small step in a campaign to gradually lift  borrowing costs before inflation rears its head.
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WASHINGTON - The US Federal Reserve Board late yesterday boosted short-term interest rates for the fifth time in a row, warning of higher rates next year as it abandons easy money to head off inflation.