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Next Time, the Fed Might Give No Quarter
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wsj.comFederal Reserve policy makers would like to raise rates in a gradual, stair-step fashion. But they might soon feel the need to get more aggressive.
The Fed on Wednesday raised its range on overnight rates by a quarter of a percentage point, lifting it from near zero for the first time in two years. And the central bank signaled the hikes will just keep coming, with its policy makers projecting the midpoint of its range on rates to hit 1.875%—a forecast that implies quarter-point hikes at each of the Fed’s remaining six meetings this year.
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