• Fed raises key rate and foresees 2 more hikes this year

    2 monthes ago - By Chron

    WASHINGTON - The Federal Reserve is raising its benchmark interest rate to reflect a solid U.S. economy and signaling that it's sticking with a gradual approach to rate hikes for 2018 under its new chairman, Jerome Powell.
    The Fed said it expects to increase rates twice more this year. At the same time, it increased its estimate for rate hikes in 2019 from two to three, reflecting an expectation of faster growth and lower unemployment.
    The central bank boosted its key short-term rate Wednesday by a modest quarter-point to a still-low range of 1.5 percent to 1.75 percent and said it will...
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  • Fed Raises Interest Rates Again As New Chairman Steps Into Spotlight

    Fed Raises Interest Rates Again As New Chairman Steps Into Spotlight

    2 monthes ago - By NPR

    The central bank raised its key interest rate for the first time under Jerome Powell, announcing a quarter-percentage-point hike. Economists wonder if faster growth will mean more aggressive hikes.
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  • Bank stocks surge after the Federal Reserve raises rates

    Bank stocks surge after the Federal Reserve raises rates

    2 monthes ago - By Business Insider

    Bank stocks rose following news that the Federal Reserve had raised interest rates.
    The Federal Reserve voted to increase rates by 25 basis points, marking the sixth rate hike since 2015.
    Bank stocks were lifted by news that the Federal Reserve had raised rates yet again.
    The Federal Reserve voted Wednesday to lift its federal funds rate by 25 basis points to a range of 1.50% to 1.75%. It marked the sixth time the Federal Open Market Committee has raised rates since 2015. The Fed also signaled that there are two more rate hikes on the horizon in 2018, and raised speculation that they may...
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  • Federal Reserve votes to lift interest rates but splits on the number of future hikes

    2 monthes ago - By Philly

    Federal Reserve votes to lift the federal funds rate target range to 1.5 percent to 1.75 percent by a unanimous 8-0.
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  • Fed still expects 3 rate hikes this year, but will pick up the pace in 2019

    2 monthes ago - By CNBC

    But the U.S. central bank raised its 2019 projection, saying it sees the benchmark rate at 2.9 percent.
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  • Stocks higher after Fed hikes rates; energy, Facebook up

    2 monthes ago - By Reuters

    NEW YORK - U.S. stocks rose on Wednesday, building on earlier gains after the U.S. Federal Reserve raised interest rates as expected and a recovery on Facebook shares.
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  • The U.S. economic growth is strengthening and unemployment continues t

    2 monthes ago - By AG Web

    The U.S. economic growth is strengthening and unemployment continues to trend downward, with the result being the Federal Reserve is likely to announce its first interest rate increase of 2018 today
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  • Federal Reserve Raises Rates - and Forecasts Steeper Hikes as Economy Soars

    2 monthes ago - By Fortune

    Federal Reserve officials, meeting for the first time under Chairman Jerome Powell, raised the benchmark lending rate a quarter-point and forecast a steeper path of hikes in 2019 and 2020, citing an improving economic outlook. Policy makers continued to project a total of three increases this year.
    "The economic outlook has strengthened in recent months," the policy-setting Federal Open Market Committee said in a statement Wednesday in Washington. Officials repeated previous language that they anticipate "further gradual adjustments in the stance of monetary policy."
    The upward revision in...
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  • Fed raises rates, signals confidence in strengthening economy

    2 monthes ago - By Reuters

    WASHINGTON - The Federal Reserve raised interest rates on Wednesday and forecast at least two more hikes for 2018, signaling growing confidence U.S. tax cuts and government spending will boost the economy and inflation and lead to more aggressive future tightening.
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  • Federal Reserve hikes interest rate to highest level in a decade amid stronger economy

    2 monthes ago - By Washington Post


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  • Fed Raises Interest Rates for Sixth Time Since Financial Crisis

    2 monthes ago - By NY Times

    The Federal Reserve, buoyed by a strengthening economy, raised rates for a sixth time in three years and indicated another two increases are still expected this year.
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  • Fed announces rate hike, mortgages already on the rise

    2 monthes ago - By Inman

    In a widely anticipated move, newly appointed Federal Reserve Chairman Jerome Powell on Wednesday announced a modest benchmark interest rate hike of between 1.5 percent and 1.75 percent amidst continued optimism over economic growth in ...
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  • Federal Reserve boosts key interest rate by quarter-point and sticks with projection of 3 hikes this year

    2 monthes ago - By Chron

    WASHINGTON - Federal Reserve boosts key interest rate by quarter-point and sticks with projection of 3 hikes this year.
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  • Fed raises key interest rate by a quarter-point

    2 monthes ago - By Chron

    WASHINGTON - The Federal Reserve is raising its benchmark interest rate and signaling that it is sticking with a gradual approach to rate hikes under its new chairman, Jerome Powell.
    The Fed is boosting its key short-term rate by a modest quarter-point to a still-low range of 1.5 percent to 1.75 percent and will keep shrinking its bond portfolio. Both steps show confidence that the U.S. economy remains sturdy nearly nine years after the Great Recession ended. The actions mean consumers and businesses will face higher loan rates over time.
    The Fed's rate hike marks its sixth since it began...
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  • Here comes the Fed

    Here comes the Fed

    2 monthes ago - By Business Insider

    In a statement due at 2 p.m. ET, the Federal Reserve is expected to announce that it decided to raise interest rates again.
    After a two-day meeting, the Federal Open Market Committee likely voted to raise its benchmark Fed funds rate by 25 basis points to a range of 1.50% to 1.75%. It would be the sixth rate increase since late-2015, as America's central bank continues to back away from emergency policies that helped heal the economy after the Great Recession a decade ago.
    Over the next few weeks, this 0.25% increase will impact credit cards , adjustable-rate mortgages, car loans, and...
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  • Energy stocks, Facebook bounce lift Wall Street as Fed decision nears

    2 monthes ago - By Reuters

    U.S. stocks gained on Wednesday afternoon, ahead of an near-certain interest rate hike by the Federal Reserve, as Facebook Inc's shares reversed course to trade higher and energy stocks got a boost from rising oil prices.
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  • What a Federal Reserve rate hike means for U.S. households

    2 monthes ago - By Reuters

    NEW YORK - The effects of the expected Federal Reserve interest rate hike on Wednesday will extend beyond corporate America to household budgets.
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