Tag Archives: ABA Data Bank

FOMC Raises Rates and Signals One More 2018 Hike

At its meeting today, the Federal Open Market Committee (FOMC) unanimously voted to raise the target range for the federal funds rate to 2.0 to 2.25 percent. It was the third hike this year. The committee signaled one more increase this year as economic activity has been rising at a strong rate. Committee members expect “that further gradual increases in ...

Read More »