Interest Rate Hikes set to Resume Later this Year

The Federal Reserve Wednesday signaled interest rate increases are likely later this year.  As expected, the Fed chose to leave interest rates at current levels for now, following a two-day meeting this week.  The Federal Open Market Committee of the central bank said economic activity has been expanding at a moderate pace.  Federal Reserve officials said resuming its rate hikes too soon however could slow growth or rattle investors again.

They now predict just two rate hikes this year instead of four.

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