The Federal Reserve on Wednesday raised interest rates 0.25 points, the central bank’s first hike since December. Onlookers widely expected the central bank to raise rates. Senior Fed officials, including Federal Reserve Chairwoman Janet Yellen, had hinted toward the rate hike throughout March. Bank officials said the time was right to raise rates with inflation and unemployment close to the Fed’s targets of 2 percent and roughly 4.5 percent, respectively. The Fed is likely to raise rates two to three more times before the end of the year.
http://thehill.com/policy/finance/324110-fed-raises-interest-rates
