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Fed Raises Key Interest Rate by Quarter Point

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Fed Raises Key Interest Rate by Quarter Point

Economy

Fed Raises Key Interest Rate by Quarter Point

Fed Raises Key Interest Rate by Quarter Point

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  • <iframe src="https://www.npr.org/player/embed/3845659/3845660" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The move by the Federal Reserve puts the short-term rate at 1.5 percent. hide caption

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For the second time this summer, Federal Reserve policymakers raise a key short-term interest rate by one quarter of a percentage point. The move was in line with the Fed's stated policy to keep raising interest rates at a measured pace — despite some signs of economic slowdown. Hear NPR's Jim Zarroli.

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