Fed Raises Rates, but Signals Slightly Lower Path of Future Increases

Wall Street Journal ~ 12.19.2018: The Federal Reserve said it would raise short-term interest rates by another quarter-percentage point, but officials signaled a milder path of rate increases over the next year in new projections.

Officials voted unanimously on the increase, which will bring the benchmark federal-funds rate to a range between 2.25% and 2.5%, the ninth such increase since December 2015. More officials expected the Fed won’t need to raise rates as much next year than they did three months ago.

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