Fed raises rate and sees more hikes as US economy improves

Fed raises rate and sees more hikes as US economy improves

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.


User: Wibbitz Top Stories

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Uploaded: 2017-03-15

Duration: 00:44

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