Fed delivers small interest rate hike, flags possible pause in tightening cycle

Fed delivers small interest rate hike, flags possible pause in tightening cycle https://ift.tt/plwc8Gz

The unanimous decision lifted the U.S. central bank's benchmark overnight interest rate to the 5-5.25 percent range. The Federal Reserve’s actions increase the likelihood of higher borrowing costs for new and used vehicles and other forms of credit.