Fed raises rates; Officials lift outlook to four 2018 hikes

FEDERAL RESERVE OFFICIALS raised interest rates for the second time this year. / BLOOMBERG FILE PHOTO/JOSHUA ROBERTS
FEDERAL RESERVE OFFICIALS raised interest rates for the second time this year. / BLOOMBERG FILE PHOTO/JOSHUA ROBERTS
NEW YORK – Federal Reserve officials raised interest rates for the second time this year and upgraded their forecast to four total increases in 2018, as unemployment falls and inflation overshoots their target faster than previously projected. The so-called “dot plot” released Wednesday showed eight Fed policy makers expected four or more quarter-point rate increases…
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