DOW JONES, A NEWS CORP COMPANY
News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services.
DOW JONES
NEWS CORP
DJIA Futures ▲
19910 0.06%
  S&P 500 F ▲
2265.25 -0.06%
  Stoxx 600 ▲
360.16 -0.32%
  U.S. 10 Yr ▲
1/32 yield 2.554%
  Crude Oil ▲
52.22 0.19%
  Euro ▲
1.0430 0.40%
 
Sections
Aim higher, reach further.
Get the Wall Street Journal $12 for 12 weeks. Subscribe Now
Subscribe Sign In
Census Says U.S. Population Grew at Lowest Rate Since Great Depression This Year
Census Says U.S. Population Grew at Lowest Rate Since Great Depression This Year
Social Security Garnished for Unpaid Student Debt
Social Security Garnished for Unpaid Student Debt
Yellen: Globalization Makes Higher Education Increasingly Important
Yellen: Globalization Makes Higher Education Increasingly Important
Some Employers Keep Raises Despite Uncertainty on Overtime Rule
Some Employers Keep Raises Despite Uncertainty on Overtime Rule
‘Gig Economy’ Workers Take On Key Tasks
‘Gig Economy’ Workers Take On Key Tasks
IMF Chief Lagarde Is Found Guilty of Negligence
IMF Chief Lagarde Is Found Guilty of Negligence
China Smog Alerts Signal New Action on Pollution
China Smog Alerts Signal New Action on Pollution
U.S. Home Construction Lags Behind Broad Economic Rebound
U.S. Home Construction Lags Behind Broad Economic Rebound
How Inefficient Health Care, Education and Housing May Be Damaging U.S. Productivity
What Eases the Financial Burden of Having Young Kids? Sending Them to School
Our Names Show Diversity Growing—and Shrinking
How Donald Trump’s New Top Economic Adviser Views the World
White House Economists Spell Out the Four Most Stubborn Economic Challenges
U.S. Factories Are Working Again; Factory Workers, Not So Much
The Outlook
U.S. Factories Are Working Again; Factory Workers, Not So Much
There’s an Antidote to America’s Long Economic Malaise: College Towns
The Great Unraveling
There’s an Antidote to America’s Long Economic Malaise: College Towns
The Economy’s Hidden Problem: We’re Out of Big Ideas
The Economy’s Hidden Problem: We’re Out of Big Ideas
Global Economy Week Ahead: Yellen Speech, BOJ Decision, Europe Sentiment
Economy Week Ahead
Global Economy Week Ahead: Yellen Speech, BOJ Decision, Europe Sentiment

Fed Raises Rates for First Time in 2016, Anticipates 3 Increases in 2017

Central bank will nudge up the federal-funds rate by a quarter percentage point to between 0.50% and 0.75%

Federal Reserve Chairwoman Janet Yellen explains the decision to raise the federal-funds rate by a quarter percentage point, and the expectation for further increases in 2017. Photo: AP
By

WASHINGTON—The Federal Reserve showed increasing optimism about the U.S. economy and signaled interest rates would rise at a faster pace than previously projected, as it unanimously approved its second rate increase in a decade.

At the central bank’s last policy meeting of the year on Wednesday, officials said they would nudge up the federal-funds target rate by a quarter percentage point, to between 0.50% and 0.75%. Fed officials...

Popular on WSJ