Fed Raises Rates for First Time in 2016, Anticipates 3 Increases in 2017
Fed Raises Rates for First Time in 2016, Anticipates 3 Increases in 2017 Central bank will nudge up the federal-funds rate by a quarter percentage point to between 0.50% and 0.75% By HARRIET TORRY Updated Dec. 14, 2016 4:08 p.m. ET WASHINGTON—The Federal Reserve said Wednesday it would raise its benchmark short-term interest rate, and expects to lift it more quickly than..