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Christopher Condon

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THE FEDERAL RESERVE, led by Chairman Jerome Powell, raised the federal funds rate target to a range of 2.25 percent to 2.5 percent, the central bank's fourth hike this year. But Powell and company signaled that they expect two rate hikes in 2019, as opposed to the three that were forecast previously. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed raises rates, trims forecast for hikes in 2019 to two

WASHINGTON – The Federal Reserve raised borrowing costs for the fourth time this year, ignoring a stock-market selloff and defying pressure from President Donald...
THE FEDERAL RESERVE Beige Book reported that a moderate economic expansion continued in New England, much like the rest of the nation. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed says growth still modest or moderate while optimism ebbs

NEW YORK - Optimism over prospects for growth at U.S. firms has begun to fade even as a majority of Federal Reserve districts continued to...
THE FEDERAL RESERVE raised federal interest rates a quarter-point, boosting the benchmark federal funds rate to a target range of 2 percent to 2.25 percent. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed raises rates and says more coming, brushing off Trump jabs

NEW YORK - Federal Reserve officials raised interest rates for a third time this year and reaffirmed their outlook for further gradual hikes well into...
JANET YELLEN, chair of the U.S. Federal Reserve. /BLOOMBERG FILE PHOTO/PETE MAROVICH

Yellen sees inflation as key uncertainty amid moderate growth

NEW YORK - Federal Reserve Chair Janet Yellen said the United States economy should continue to expand over the next few years, allowing the...
FERDEAL RESERVE OFFICIALS raised interest rates on Wednesday. /BLOOMBERG FILE PHOTO/ANDREW HARRER

Fed forges on with hike, asset plan amid inflation concern

NEW YORK - Federal Reserve officials forged ahead with an interest-rate increase and additional plans to tighten monetary policy despite growing concerns over weak...
FEDERAL RESERVE OFFICIALS opted to leave the Federal Open Market Committee's target range for its benchmark lending rate unchanged at 0.75 percent to 1 percent on Wednesday / BLOOMBERG

Most fed officials see tightening `soon’; June rate hike possible

NEW YORK - Most Federal Reserve officials judged “it would soon be appropriate” to tighten monetary policy again and backed a plan that would...
ERIC ROSENGREN, president of the Federal Reserve Bank of Boston, listens as an attendee speaks during the New York Association for Business Economics at the Harvard Club in New York,. Rosengren said that there is a great deal of uncertainty about fiscal policy, and that we are still in a risky time internationally. /BLOOMBERG ? MISHA FRIEDMAN

Fed’s Rosengren favors three more 2017 hikes to foil overheating

NEW YORK - Federal Reserve Bank of Boston President Eric Rosengren urged his policy-making colleagues to raise interest rates three more times this year and...
A YEAR ago, the Federal Reserve was forced to back away from its earlier projection for four interest-rate increases in 2016. This year, everyone’s coming around to the Fed’s view. / BLOOMBERG NEWS PHOTO

Fed, economists and investors show rare harmony on rate outlook

WASHINGTON - A year ago, the Federal Reserve was forced to back away from its earlier projection for four interest-rate increases in 2016. This...
FEDERAL RESERVE officials left interest rates unchanged while acknowledging rising confidence among consumers and businesses following Donald Trump’s election victory. / BLOOMBERG NEWS PHOTO

Fed nods to improved sentiment while leaving rates unchanged

WASHINGTON - Federal Reserve officials left interest rates unchanged while acknowledging rising confidence among consumers and businesses following Donald Trump’s election victory. “Measures of consumer...

Fed sets up move in December while leaving rates on hold

WASHINGTON - Federal Reserve policy makers left interest rates unchanged while saying the argument for higher borrowing costs strengthened further amid accelerating inflation, reinforcing...

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