Video: Federal Reserve Raises Rates, Acknowledges Weak Inflation
The Federal Reserve announced its fifth rate hike since the 2008 recession on Wednesday and its third increase of 2017.
The Federal Reserve announced its fifth rate hike since the 2008 recession on Wednesday and its third increase of 2017.
The Fed also acknowledged inflation running below its 2% target. "On a 12-month basis, both overall inflation and inflation for items other than food and energy have declined this year and are running below 2 percent," the statement said.
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