Source: SOUTHERN FARM NETWORK, 7/9/18

This is Mary Walden with economist MW welcoming you to the economic perspective. Today’s program looks at the Fed’s interest rate hike.  Mike, recently the Federal Reserve boosted its key short term interest rate by one-quarter percentage point, bringing it to an even 2%.   While the move was widely expected, it still raises questions about why the Fed did it and the risks the higher rate poses for the economy.  Give us your assessment.

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