Federal Reserve raises interest rates for third time in 2017

(Worthy News) – With the labor market strengthening and economic activity rising at a solid rate, the Federal Reserve on Wednesday announced the third rate-hike of the year.

The announcement explains that jobs gains are solid, unemployment rates have further declined, household spending is expanding and business investment is up.

The expected move raises rates by a quarter point to a range of 1.25 percent to 1.5 percent. [ Source: UPI (Read More…) ]