Federal Reserve Raises Interest Rates Amid Rising Wages

HeadlineMar 22, 2018

Back in the United States, the Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, in the first such hike since Fed Chair Jerome Powell replaced Janet Yellen as head of the U.S. central bank. Powell signaled the Fed is prepared to raise rates two more times this year—amid pressure from investors who fear that rising wages for blue-collar workers could add to inflation.

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