The U.S. Federal Reserve nudged interest rates up on Tuesday for an eighth straight time, nodding to mounting inflation pressures but still confident it can contain them with “measured” increases.
The U.S. central bank’s policy-setting Federal Open Market Committee unanimously voted to lift the benchmark federal funds rate, which affects credit costs throughout the economy, by a quarter-percentage point to 3%, as expected, Reuters reported.
*For more on this story,
