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Business

U.S. Federal Reserve raises interest rates for 1st time in 3 years

CBC Business ·
U.S. Federal Reserve raises interest rates for 1st time in 3 years

The Federal Reserve said it cut rates to help bring inflation back to the central bank's two per cent target.

It's the first policy shift under the new Fed chief, who took office in late May after being selected by Trump with an expectation that he would ‌cut rates.

Read the full article on CBC Business ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.cbc.ca — the content belongs to CBC Business.

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