Fri, Mar 21, 2014 - Page 15 News List

Fed may raise rates next spring

MARKETS ROCKED:US Federal Reserve Chair Janet Yellen said the central bank would wait a ‘considerable time’ after shuttering its bond-buying program before raising rates

Reuters, WASHINGTON

However, once rate increases start, Fed officials see slightly sharper increases than they did in December last year, when they last issued forecasts. They now see rates ending 2016 at 2.25 percent, a half percentage point above their previous projections.

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