Relevant:
- Federal Reserve keeps interest rates unchanged, calls economic activity 'strong'
- Fed raises key rate and foresees 2 more hikes this year
- Fed holds steady, rate-setters now see two hikes this year
- Fed boosts benchmark rate for third time this year
- Markets doubt future rate hikes and unwinding; disagree with Fed's glass-half-full view of economy
2016-12-14 — cnbc.com
The Fed Wednesday raised rates for the second time in 10 years, boosting their short-term interest rate target by a quarter point to 0.50 to 0.75 percent.
...
The Fed had been expected to act based on the economic data it has seen in recent months, and not the promise of tax cuts and fiscal stimulus proposed by the incoming presidential administration of Donald Trump. The Fed's mandates are controlling inflation, which has been stubbornly low, and reaching full employment.
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