As Economy Continues to Steam Forward, Federal Reserve Raises Interest Rates a Quarter Percentage Point Continuing a recent trend of positive economic news, the Federal Reserve announced June 13th that interest rates would be raised a quarter percentage point and additional increases are planned for the near future. CNBC’s Jeff Cox explains in his recent article titled “Fed hikes rates, points to two more increases by year’s end” that the rate is closely tied to consumer debt, including credit cards, home equity lines, and similar adjustable instruments. The U.S. Bureau of Labor Statistics released the Real Earnings Summary for April to May 2018 on June 12, reporting an increase… Read More
