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Fed as expected bumps up rate; agency signals 2 more likely in 2018

By Compiled by Democrat-Gazette staff from wire reports

This article was published June 14, 2018 at 4:30 a.m.

the-economy-is-doing-very-well-most-people-who-want-to-find-jobs-are-finding-them-fed-chief-jerome-powell-said-wednesday

“The economy is doing very well. Most people who want to find jobs are finding them,” Fed chief Jerome Powell said Wednesday.

The Federal Reserve took note of a resilient U.S. economy Wednesday by raising its benchmark interest rate for the second time this year and signaling that it may step up its pace of rate increases.

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