Business > U.S.

Fed raises rates, signals 2 more hikes coming in 2018

11 monthes ago   |   By

The Federal Reserve on Wednesday raised interest rates for the second time this year and nudged up its projections for GDP growth in 2018, in a further endorsement of the U.S. economy's strength. The balance on the Fed's interest-rate-setting committee has tipped in favor of two more rate hikes in 2018, rather than only one, bolstered by an uptick in the central bank's projections for inflation this year and next. Following Wednesday's rate hike, the Fed's main borrowing rate - which influences interest rates on everything from mortgages to savings accounts - is set between 1.75 percent...
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Federal Reserve raises interest rates for second time this year

Federal Reserve raises interest rates for second time this year

11 monthes ago   |   By

This is the second hike of 2018 after the Fed increased the rate in March.
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Fed raises key rate and sees possible acceleration in hikes

11 monthes ago   |   By

WASHINGTON - The Federal Reserve has raised its benchmark interest rate for the second time this year and signaled that it may step up its pace of rate increases because of solid economic growth and rising inflation. The Fed now foresees four rate hikes this year, up from the three it had...
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Fed raises rates amid stronger inflation, drops crisis-era guidance

11 monthes ago   |   By

WASHINGTON - The Federal Reserve raised interest rates on Wednesday, a move that was widely expected but still marked a milestone in the U.S. central bank's shift from policies used to battle the 2007-2009 financial crisis and recession.
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Fed raises interest rates and signals faster hikes on the way

11 monthes ago   |   By

The Fed is trying to keep the economy in check as inflation creeps higher.
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