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

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
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
NEW YORK - Federal Reserve officials raised interest rates for a third time this year and reaffirmed their outlook for further gradual hikes well into 2019, risking fresh criticism from President Donald Trump. The quarter-point increase boosted the benchmark federal funds rate to a target range of 2 percent to 2.25 percent. The move reflected an…

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