Fed Ends Zero-Rate Era; Signals 4 Quarter-Point Increases in 2016

  • Fed monitoring `actual and expected' progress on inflation
  • Officials see economy warranting `only gradual' increases

Fed Ends Zero-Rate Era, No Floor Under Interest Rates

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.

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