Fed raises interest rates and signals its 'accommodative' era is over
Business Insider -

The Federal Reserve on Wednesday raised its key interest rate for the third time this year and signaled one more hike in 2018, most likely in December.

The Fed removed language in its statement that referenced "accommodative" monetary policy, even after President Donald Trump last month complained about rising interest rates.

It raised its forecasts for economic growth next year.

Short-term borrowing costs are most affected by Fed decisions, so interest rates on things like credit cards should...


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