U.S. Fed raises interest rate by 0.25%

The U.S Federal Reserve (Fed) has resolved to raise the benchmark interest rate by 0.25% to a range of 1.75 - 2.00%.

Fed Chairman Jerome Powell announced today that after a two-day meeting of the Federal Open Market Committee, the central bank had resolved to raise the benchmark interest rate to boost the U.S. economy, which is expected to grow by 2.8% this year.

The Chairman added that inflation and unemployment rates remain low. In light of these factors, the Fed has been able to increase interest rates seven times since late 2015.

Information and Source
Reporter : Nuppol Suvansombut
Rewriter : Benjamin Rujopakarn
National News Bureau & Public Relations

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