Fed raises key rate and foresees 2 more hikes this year

Fed raises key rate and foresees 2 more hikes this year

The Federal Reserve raised its key interest rate Wednesday in a vote of confidence in the U.S. economy’s durability while signaling that it plans to continue a gradual approach to rate hikes for 2018 under its new chairman, Jerome Powell.

The Fed said it expects to raise rates twice more this yea…

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