News > U.S.
Federal Reserve raises interest rates for second time this year
4 monthes ago | By WBALTV
This is the second hike of 2018 after the Fed increased the rate in March.
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Fed raises rates, signals 2 more hikes coming in 2018
4 monthes ago | By Politico
The Federal Reserve on Wednesday raised interest rates for the second time this year and nudged up its projections for GDP growth in 2018, in a further endorsement of the U.S. economy's strength. The balance on the Fed's interest-rate-setting committee has tipped in favor of two more rate hikes in 2018, rather than only one, bolstered by an uptick in the central bank's projections for inflation this year and next. Following Wednesday's rate hike, the Fed's main borrowing rate - which influences interest rates on everything from mortgages to savings accounts - is set between 1.75 percent...
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