Fed Raises Rate Again, Reinforcing a House Shortage
This article was first published on NerdWallet.com.
The Federal Reserve raised a short-term interest rate a quarter of a percentage point on Wednesday to restrain inflation. As a result, the central bank is indirectly putting a floor under home prices. That's a paradoxical thing for the Fed to do when it's trying to get inflation under control.
The central bank's Federal Open Market Committee raised the federal funds rate to a range of 5.25% to 5.5%. Before the central bank met this week... Читать дальше...