Fed raises rates, sees at least three more years of economic growth

By Howard Schneider and Jason Lange WASHINGTON (Reuters) - The Federal Reserve raised interest rates on Wednesday, as expected, and forecast three more years of economic growth as the U.S. central bank left its policy for steady rate rises in place. In a statement that marked the end of the era of "accommodative" monetary policy, Fed policymakers lifted the benchmark overnight lending rate by a quarter of a percentage point to a range of 2.00 percent to 2.25 percent

from Latest News Business on Firstpost https://ift.tt/2OTmWz6