Federal Reserve Holds Firm, Raises Interest Rates Another 25 Basis Points Despite the stunning failures of two banks this month and widespread anxiety over the potential for systemic contagion, the Federal Reserve isn't changing course on raising its key interest rate — for now. 
The Federal Open Market Committee raised the target range for the federal interest rate by 25 basis points to 4.75%, the Fed announced on Wednesday. The FOMC didn't change its year-end projection for the interest rate of a shade over 5%, according to the committee's internal survey of its members.The FOMC cited improving job growth…  Read the full story here. | | |
