Fed raises short-term interest rates; signals more hikes on horizon

The Federal Reserve voted to raise short-term interest rates by a quarter of a percent, citing a strong economy, and signaled more hikes were on the horizon this year. The Fed’s decision to raise its benchmark rate to between 1.5 and 1.75 percent came Wednesday, during its first meeting led by new Federal Reserve Chairman Jerome Powell. Officials planned three rate increases for 2018, but it seems increasingly likely there may be more increases this […]

source https://therealdeal.com/2018/03/21/fed-raises-short-term-interest-rates-signals-more-hikes-on-horizon/