National Ag News
Federal Reserve increases interest rate
Dec 18, 2017, 11:52 AM
by
System
An official with Farm Credit Mid-America says the recent interest rate increase won’t have a huge impact on farmers.
The Federal Reserve raised the federal funds rate a quarter of a percentage point to 1.5 percent following the December Federal Open Market Committee meeting.
Matthew Monteiro, the vice president of finance and treasurer, says the increase was highly expected.
“The markets trade on expectations and with this being expected very widely, markets did not get disrupted,” he says.
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