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Fed Expected to Raise Interest Rates

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Fed Expected to Raise Interest Rates

Economy

Fed Expected to Raise Interest Rates

Fed Expected to Raise Interest Rates

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  • <iframe src="https://www.npr.org/player/embed/4554622/4554623" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Economists expect the Federal Reserve to raise short-term interest rates by a quarter percentage point Tuesday. That would bring the benchmark federal funds rate to 2 3/4 percent. The Fed has been gently reining in the nation's money supply in an effort to keep inflation in check without choking off economic growth.