New projections show officials expect the fed-funds rate to rise to 0.875% by the end of 2016, according to the median projection of 17 officials. Their forecasts imply they see two rate... WASHINGTON—The Federal Reserve held its benchmark lending rate steady on Wednesday and officials lowered projections of how much they expect to raise short-term interest rates in the coming years, signs that persistently slow economic growth and low inflation are forcing the central bank to rethink how fast it can move rates higher.

Source: Wall Street Journal June 15, 2016 18:06 UTC