Fed Raises Rates, Expects Two More In 2018
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2018-06-14 HKT 03:16
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The US Federal Reserve raised the benchmark lending rate on Wednesday, the second increase of the year, and signaled two more hikes are coming in 2018 and four in 2019, a possible sign of concern about accelerating inflation.
The unanimous vote brings the federal funds rate to a range of 1.75-2.0 percent but the quarterly economic forecasts show central bankers now expect the rate to end the year at 2.4 percent rather than the 2.1 percent projected in March.
That implies four total rate increases this year. (AFP)
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