Fed Ends Zero-Rate Era; Signals 4 Quarter-Point Increases in 2016By and
Fed monitoring `actual and expected' progress on inflation
Officials see economy warranting `only gradual' increases
The Federal Reserve raised interest rates for the first time in almost a decade, a widely telegraphed move that Chair Janet Yellen said would be followed by “gradual” tightening as officials watch for evidence of higher inflation.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.