Interest Rates Unchanged, For Now
Despite growing optimism for the U.S. economy, the Federal Reserve does not expect to raise interest rates until the end of 2023. In a statement, the Federal Reserve board said the sectors most adversely affected by the COVID-19 pandemic remain weak and inflation continues to run below two percent.
Federal Reserve Cuts Benchmark Interest Rate
The Federal Reserve has cut the benchmark interest rate by a quarter percent. This is the third interest rate deduction this year. Fed Chair Jerome Powell also indicated interest rates will likely stay at current levels unless the economy takes a sharp downturn. AgCountry Farm Credit Services is also reducing interest rates on variable rate […]
