In­ter­est rates tick up again

Connecticut Post - - BUSINESS -

Fed­eral Re­serve of­fi­cials raised in­ter­est rates for the sec­ond time this year and up­graded their fore­cast to four to­tal in­creases in 2018 as un­em­ploy­ment falls and in­fla­tion over­shoots their tar­get faster than pro­jected. The short-term fed­eral fund rate — what banks charge each other — in­creased by 0.25 points to a range of 1.75 to 2 per­cent. It is the sec­ond rate in­crease of this year. Fed of­fi­cials an­tic­i­pate one or two ad­di­tional hikes be­fore 2019.

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