Business > U.S.

Federal Reserve Raises Key Interest Rate and Signals More Increases May Come

6 days ago   |   By Time

WASHINGTON - The Federal Reserve took note of a resilient U.S. economy Wednesday by raising its benchmark interest rate for the second time this year and signaling that it may step up its pace of rate increases.
The Fed now foresees four rate hikes this year, up from the three it had previously forecast. The action means consumers and businesses will face higher loan rates over time.
The central bank raised its key short-term rate by a modest quarter-point to a still-low range of 1.75 percent to 2 percent. With the economy now nine years into an expansion, the move reflects the steadiness...
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Fed hikes interest rates again, raises outlook for more increases in 2018

6 days ago   |   By The Real Deal New York

The Federal Reserve announced it will raise interest rates a quarter percentage point on Wednesday, and signaled that it could raise interest rates at least twice more this year. Most Federal Reserve officials now expect at least four rate increases this year, up from a previous projection in March of three rate increases, according to the Wall Street Journal. Most officials also expect the Fed will have to raise rates at least three times in...
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Treasury yields jump after the Fed hikes, signals 2 more increases this year

Treasury yields jump after the Fed hikes, signals 2 more increases this year

6 days ago   |   By Business Insider

The Federal Reserve raised its key rate by 25 basis points and signaled two more rate hikes this year.
Treasury yields rose following the rate announcement.
Follow Treasury yields in real time here.
US Treasury yields rose after the Federal Reserve raised its key rate and signaled two more hikes this year, a greater amount than previously expected.
The Federal Open Market Committee voted to lift the target range for the federal funds rate by 25 basis points to between 1.75% and 2%. Total rate hikes projected for 2018 is up to four from three previously.
Treasury yields, which move opposite...
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Federal Reserve raises key rate and sees possible acceleration in hikes

6 days ago   |   By NY Daily News

WASHINGTON - The Federal Reserve has raised its benchmark interest rate for the second time this year and signaled that it may step up its pace of rate increases because of solid economic growth and rising inflation. The Fed now foresees four rate hikes this year, up from the three it had previously...
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Fed hikes key interest rate for 2nd time in 2018

6 days ago   |   By WGN TV

WASHINGTON - The Latest on the Federal Reserve policy meeting :
2:10 p.m.
Federal Reserve policymakers expect to raise their benchmark interest rate four times this year, up from a March projection of three, reflecting their forecast that the unemployment rate will fall to a 50-year low later this year and inflation will rise more quickly.
The Fed also decided Wednesday to lift short-term rates for the second time this year, to between 1.75 and 2 percent. That suggests they will hike rates twice more this year to between 2.25 and 2.5 percent. Fed policymakers also expect three hikes next...
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