Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Donate your vehicle during the month of April or May and you'll be entered into a $500 Visa gift card drawing!

Federal Reserve Raises Short-Term Interest Rates

The Federal Reserve again has boosted the cost of borrowing for millions of consumers by raising short-term interest rates. The quarter-point hike -- the eighth since June 2004 -- bumps a key bank lending rate to 3 percent.

Copyright 2005 NPR

Jack Speer
Jack Speer is a newscaster at NPR in Washington, DC. In this role he reports, writes, edits, and produces live hourly updates which air during NPR programming.
Related Content

You make NHPR possible.

NHPR is nonprofit and independent. We rely on readers like you to support the local, national, and international coverage on this website. Your support makes this news available to everyone.

Give today. A monthly donation of $5 makes a real difference.