March 21: Federal Reserve to Raise Fed Funds Target Range to 1.50 to 1.75 Percent

In view of realized and expected labor market conditions and inflation, the Federal Reserve FMOC decided to raise the target range for the federal funds rate to 1-1/2 to 1-3/4 percent. The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation. Read more