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Federal Reserve Raises Rates For The Fourth Time In 2018

As its two-day December meeting concluded, the Federal Reserve has decided to raise interest rates one more time in 2018, bringing the total amount of interest rate hikes to four in a single year.

"Before the December meeting, the Fed had raised rates three times in 2018 – the first time in March, again in June and finally in September," according to HousingWire.

"In December, the Federal Open Markets Committee elected to raise the federal funds rate by 25 basis points to a targeted range of 2.25% to 2.5%."

With a fourth hike in 2018, experts are predicting that 2019 could only see two rate increases from the Federal Reserve.

“Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate,” the FOMC said in its statement, according to the report.

“Job gains have been strong, on average, in recent months, and the unemployment rate has remained low.”

Meanwhile, President Donald Trump has been calling for the FED to lower it's rates and to "feel the market, don’t just go by meaningless numbers."

To learn more about the Fed's decision to raise interest rates again, click on the image above.

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