Fed raises rates for third time this year amid strong US growth

As widely expected, the Federal Open Market Committee (FOMC) raised rates to a range of between 2% to 2.25%. This is the central bank's eighth rate hike since it began its current tightening cycle in December 2015. The FOMC dropped language in its latest minutes saying that "the stance of monetary policy remains accommodative". Daniel Murray: Is there really no end to US growth? In its latest quarterly projections, the Fed predicted GDP to rise to 3.1% this year, up from the 2.8% prediction in June, while the forecast for 2019 rose 0.1 percentage points (ppt) to 2.5%. Federal...