FOMC hikes rates, signaling that its path will be gradual
As expected, the Federal Reserve raised interest rates for the first time in a decade while signaling that the pace of subsequent increases will be gradual. The FOMC unanimously voted to set the new target range for the federal funds rate at 0.25% to 0.50%, up from zero to 0.25%. Policy makers separately forecast an appropriate rate of 1.375% at the end of 2016, implying four quarter-point...
Read MoreRate Environment (December 7, 2015)
Fed Chair Yellen said she’s confident in the outlook for growth and warned that delaying the first rate hike could force the central bank to tighten too quickly, disrupting the expansion. Read More Here
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