U.S. Markets closed

[$$] Fed Raises Interest Rates, Sets Stage for Two More Increases in 2018

WASHINGTON—Federal Reserve officials signaled Wednesday they could pick up the pace of interest-rate increases this year and next to keep a rapidly expanding economy on an even keel. Central bank officials voted unanimously to raise their benchmark federal-funds rate by a quarter-percentage point to a range between 1.75% and 2%. “The decision you see today is another sign that the U.S. economy is in great shape,” said Fed Chairman Jerome Powell at a press conference following the Fed’s two-day policy meeting.