federal reserve rate increase: Texas Home Buyers Will See Higher Rates With FED Increase - 12/14/16 02:12 PM
The Fed Raised Rates What Does That Mean To Texas Home Buyers?
As expected, the Federal Reserve announced today that it would raise its benchmark interest rate by a quarter of a percentage point.
“In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 1/2 to 3/4 percent,” the Fed’s policy-making committee said in a statement. “The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a return to 2 percent inflation.”
This is the first time the Fed has increased interest … (0 comments)