US Fed raises key rate to 1.0-1.25%, signals one more hike in 2017

[McFurd]

Yahoo - 6/14/2017 - Heather Scott - Washington (AFP) - The US Federal Reserve raised its benchmark interest rate by a quarter point to 1.0-1.25 percent on Wednesday and signaled another increase remains likely this year, despite the recent spate of weak economic data.In explaining this second rate hike of 2017 and plans for more increases in the coming months, Federal Reserve Chair Janet Yellen said the move reflected the progress in the world's largest economy, which continues to add jobs at a solid pace. Read more @ https://www.yahoo.com/news/us-fed-raise ... 21456.html