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Fed Rate Hike Raises Costs of Funding Global Commerce

The Federal Reserve on Wednesday (Sept. 16) raised the target range for the federal funds rate by a quarter percentage point to 3.75% to 4%, saying inflation remains elevated. In its accompanying implementation decision, the Fed raised the interest rate paid on reserve balances to 3.90% from 3.65%, effective Thursday. For banks, the decision reaches […] The post Fed Rate Hike Raises Costs of Funding Global Commerce appeared first on PYMNTS.com.

作者 PYMNTS

17 September 20261 分钟阅读

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Fed Rate Hike Raises Costs of Funding Global Commerce

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