Wednesday, March 15, 2017

Flashback from 2000: Fed raises interest rates

Fed lifts key rates again
March 21, 2000: 3:10 p.m. ET
Fed funds rate, discount rate raised a quarter point each to slow growth 
NEW YORK (CNNfn) - The Federal Reserve Tuesday lifted short-term interest rates by another quarter point -- the fifth increase in less than eight months -- in an effort to slow the seemingly unstoppable U.S. economy and ensure prices for goods and services remain in check.
    It also put another warning shot over Wall Street's bow that it likely will raise rates again in the face of what it sees as a risk for an outbreak of inflation.


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