Fed raises interest rates again in further sign of confidence in US economy

The US Federal Reserve announced it was raising short-term interest rates by a quarter percentage point on Wednesday as the central bank continued to unwind the massive economic stimulus plan brought in after the great recession. After a two-day meeting, the Fed...

Fed hikes interest rates despite declining inflation, sets plan for balance sheet reduction

The Federal Reserve approved its second rate hike of 2017 even amid expectations that inflation is running well below the central bank’s target. In addition, the Fed provided more detail on how it will unwind its $4.5 trillion balance sheet, or portfolio of...