Published: June 13, 2018 4:01 p.m. ET
Dot plot shows one Fed VIP switched to more aggressive stance
By GREG ROBB SENIOR ECONOMICS | JEFFRY BARTASH REPORTER
Reuters
Federal Reserve Chairman Jerome Powell will hold a press conference at 2:30 p.m.
The Federal Reserve on Wednesday raised a key U.S. interest rate and signaled a somewhat more aggressive stance in 2018, underscoring the central bank’s confidence in a steadily growing economy but acknowledging the recent rise in inflation.
The bank as expected lifted its benchmark federal funds rate by a quarter-percentage point — to a range of 1.75% to 2%. Yet the Fed also signaled a small shift in its thinking by projecting a total of four rate increases in 2018 instead of three as previously planned. [MORE: Go to link here.]
