Fed Raises Rates and Signals Faster Pace in Coming Years - News Summed Up

Fed Raises Rates and Signals Faster Pace in Coming Years


WASHINGTON—Federal Reserve officials signaled Wednesday they could pick up the pace of interest-rate increases to cool economic growth after next year. The Fed voted unanimously to raise its benchmark federal-funds rate by a quarter-percentage point to a range between 1.5% and 1.75%. Officials said they expected to lift it another two or three times this year, and three times next year.


Source: Wall Street Journal March 21, 2018 18:02 UTC



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