WASHINGTON—Federal Reserve officials on Wednesday said they see fewer short-term interest rate increases in 2017 and 2018 than in prior projections—and more officials predict just one rate increase this year. Officials still project short-term interest rates will rise 0.5 percentage point by the end of 2016, yet Fed officials see their benchmark federal-funds rate rising more slowly in the years ahead. The new estimates...

Source: Wall Street Journal June 15, 2016 18:09 UTC