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News Link • Federal Reserve

US Federal Reserve raises interest rates again

• https://www.bbc.com

The US central bank said the move, which was widely expected, underscores "solid" gains in the US economy.

Officials also boosted their economic forecasts, projecting 2.5% growth in GDP in 2017 and 2018, due in part to planned tax cuts.

The Fed said it anticipates three further increases in rates next year, unchanged from its previous forecast.

The decision to raise interest rates, raising the cost of borrowing, takes the Fed farther away from the ultra-low rates it put in place during the financial crisis to boost economic activity.

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