Tag Archive: fed announcement

Fed Hikes Rates by a Quarter-Point

The highly anticipated Fed meeting on monetary policy has concluded with the central bank electing to hike rates by 25 basis points. The quarter-point hike was not unsuspected and investors will likely be far more concerned with the central bank’s commentary about its plans for next year. The Fed voted unanimously to hike rates today, while it lowered rate hike expectations for next year down to two from three. The Fed also lowered its longer-term estimate of the Fed Funds rate to 2.8% from 3%... Continue Reading