Fed increases rates by 25 bps but signals hikes are near an end

The move set the U.S. central bank's benchmark overnight interest rate in the 4.75%-5.00% range, with updated projections showing 10 of 18 Fed policymakers still expect rates to rise another quarter of a percentage point by the end of this year, the same endpoint seen in the December projections.

from News-Economic Times https://ift.tt/iZ6corD