The central bank raised the federal funds rate on overnight loans between banks to 4 percent from 3.75 percent, and it signaled its intention to keep raising the benchmark rate at a "measured" pace in the months ahead.
The central bank raised the federal funds rate on overnight loans between banks to 4 percent from 3.75 percent, and it signaled its intention to keep raising the benchmark rate at a "measured" pace in the months ahead.