Fed raises rate and sees more hikes as US economy improves
  • 7 years ago
The Federal Reserve has raised its benchmark interest rate for the second time in three months. The move Wednesday reflects a consistently solid U.S. economy and will likely mean higher rates on some consumer and business loans. The decision raises the Fed’s benchmark rate to a range between 0.75 percent and 1 percent The Fed left its forecast for the federal funds rate unchanged, projecting two more quarter-point increases in 2017 and three next year.
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