Fed raises key rate with three hikes forecast for 2017
The Federal Reserve lifted its benchmark rate by a quarter point to 0.5 percent to 0.75 percent and signaled three rate increases in 2017, up from two. The move modestly tightens borrowing costs, with impacts expected on credit cards and home equity loans while mortgage rates stay largely unaffected in the short term.
MENTIONED IN THIS ARTICLE
Washington
D.C
Federal Reserve
U.S
Fed
Central Bank
Ber
James Marple
Tdbank
Marple
Greg McBride
Bankrate.com
Bb&t
Citigroup
Donald Trump
Janet Yellen
Trump
Yellen
Ben Bernanke
Fed raises rates as markets tumble on higher projections
New York stocks dropped sharply after the Federal Reserve lifted its rate and forecast three increases for 2017, signaling tighter policy amid a stronger job market. The Dow, S&P 500, and Nasdaq fell while bond yields and the dollar rose, prompting mixed investor reassurance about rate paths.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Fed
Standard & Poor
Treasury
Also Mentioned on This Page
Alex Brandon
Federal Reserve Board
Rich Taylor
American Century
Taylor
Aikenstandard.com
Santa
Tiffany Y
Driventoapprove.com
Dupree Coleman
Nayeli Gomez Setabia
Nuestra Pagina de
DrivenoApprove.com