Chicago Real Estate

Fed Raises Key Interest Rate For 3rd Consecutive Time

Kurt Clements Real Estate Leave a Comment

by Kurt Clements The Federal Open Market Committee of the Federal Reserve announced that it raised the target federal funds rate to a range of 2.00 percent to 2.25 percent. This was the third consecutive increase in the Fed’s key interest rate and was the eighth time the Fed raised its key interest rate since 2015. Does that mean that interest …