Original article by Jeff Cox
CNBC – Page: Online : 15-Jun-17

The US Federal Reserve has increased official interest rates by 0.25 per cent, following its rate rise in March. The central bank’s new target range is one to 1.25 per cent, while its monetary policy statement indicates that it expects inflation to stabilise but remain below two per cent in the near-term. Meanwhile, its GDP growth forecast has been upgraded from 2.1 per cent to 2.2 per cent, while its forecast for the unemployment rate has been revised downward from 4.5 per cent to 4.3 per cent. The Federal Reserve has also advised that it will begin reducing its balance sheet during 2017, although it has offered no guidance on when this will commence.

CORPORATES
UNITED STATES. FEDERAL RESERVE BOARD, UNITED STATES. FEDERAL OPEN MARKET COMMITTEE