FOMC Raises Rates By 25 BPS As Expected, But Now Sees 3 Hikes Instead of 2 in 2017

As was expected, the Federal Reserve’s (Fed) policymaking arm, the Federal Open Market Committee (FOMC), decided to raise rates by 0.25% (25 basis points) at the conclusion of its two-day meeting. The move had been fully priced into financial markets … Continue reading